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1. 🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Tuesday, 12-Dec-2023 04:50:06 JST 🎓 Doc Freemo :jpf: 🇳🇱

   • realcaseyrollins
   • geekysteven

   @realcaseyrollins

   If they are at record profits after adjusting for inflation then that is an indication of a healthy economy despite inflation.

   You have to remember inflation is **not** an indication of an unhealthy economy in the present, though if it is excessively high it will produce an unhealthy economy in the future of course.

   You can have inflation and still have a thriving economy, making inflation adjusted profits is largely unrelated to any inflation.

   @geekysteven

   • 🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Tuesday, 12-Dec-2023 04:50:45 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • realcaseyrollins
     • geekysteven

     @realcaseyrollins

     By the way here you can see a chart showing the relationship bertween corporate profits and inflation. You can see in the past there is very little relationship between them: https://randomterrabytes.net/2022/05/22/inflation-and-corporate-profits/

     Now the real question is why did we have those huge corporate profits seemingly out of nowhere during a downturn in the economy... I answered this already, it was QE.

     So again it is **not** the profits thats is to blame, it is something totally unrelated (QE) that happened to have the side effect of **artificially** increasing corporate profits. This injection of free money caused inflation, not the profits themselves.

     @geekysteven