Quote:
Originally Posted by eyecu2
Biden-flation vs stock earnings
Wondering how our friends on the right can make sense of why corporate earnings are all beating estimates, when this inflation is so staggeringly high - reported by them, wouldn't that be inversely related?
If supposed rising costs, are being passed on to the consumer, how come we have earnings that propel the stock market in a spiral upward? Wouldn't that be the opposite if inflation was affecting the cost of goods and production, the squeeze would be to make earnings lower - right?
Meanwhile, when compared to the prior administration the stock market is almost four times as high as it was in 2020.
This inflation is a great joyride for those that have money in the markets. And a hell hole for folks on fixed income. Well folks that have limited fixed income anyway. By the way this is not opposed to try to say there isn't inflation going on - it's more about understanding the nature of it, the greed of corporations, and where the fault and blame lies.
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question...... you stated "Meanwhile, when compared to the prior administration the stock market is almost four times as high as it was in 2020. "
the close of 2020 the dji was about 30,600
average dji in 2024 is about 38000
exactly what do you mean by being 4 times as high? what am i missing?
