Price gouging: Shortages real or are some fabricated?

[Catsumi]

At that price they can keep their damn lettuce. It’s one of the easiest and prolific crops to grow. Can hardly wait until May when I have such an abundance to give away.

But, just wait until January when eye watering prices really kick in.

[nepal]

.
Time to get back to growing our own vegetable gardens at home. In the past few decades we’ve become addicted to the ease of grocery superstores, where they hold us ransom to our wants.
.

[erinmore3775]

Canada is not the only country that questions the effect of a significant increase in corporate profits and their affect on inflation. Now people in Australia are questioning corporate profits.

“Australia Institute executive director Richard Dennis added: "What the data says is that profits are rising across Australia. Collectively, firms have never had it so good."

The latest look at businesses around the nation shows corporate profit leapt 28 per cent last year.

Wages grew too, but by less than 2 per cent…

That might seem a predictable answer from a union leader, but probably not from the chief economist of UBS Global Wealth Management…The gigantic global firm's Paul Donovan wrote in the Financial Times that, outside of commodity prices, inflation is rising around the world because of corporate profits, not wages. ”

In Australia, corporate profits, as a share of key costs (known as factor income) hit 32.9 per cent in the June quarter – a new record. Wages hit a new low of 48.5 per cent. Inflation is a world wide problem, it is not Justinflation. However, what is also world wide is the fact that increased corporate profits are contributing to inflation and wages are not keeping pace.

https://www.abc.net.au/news/2022-11-15 ... 101631802

[DoDo1975]

Canada is not the only country that questions the effect of a significant increase in corporate profits and their affect on inflation. Now people in Australia are questioning corporate profits.

“Australia Institute executive director Richard Dennis added: "What the data says is that profits are rising across Australia. Collectively, firms have never had it so good."

The latest look at businesses around the nation shows corporate profit leapt 28 per cent last year.

Wages grew too, but by less than 2 per cent…

That might seem a predictable answer from a union leader, but probably not from the chief economist of UBS Global Wealth Management…The gigantic global firm's Paul Donovan wrote in the Financial Times that, outside of commodity prices, inflation is rising around the world because of corporate profits, not wages. ”

In Australia, corporate profits, as a share of key costs (known as factor income) hit 32.9 per cent in the June quarter – a new record. Wages hit a new low of 48.5 per cent. Inflation is a world wide problem, it is not Justinflation. However, what is also world wide is the fact that increased corporate profits are contributing to inflation and wages are not keeping pace.

https://www.abc.net.au/news/2022-11-15 ... 101631802

When you print too much money, people have too much of it and they have more to spend on crap. When the government spends too much money, this has a drastic effect on the delicate balance of the money supply. This is exactly why it is Justinflation. The corporate profits are just a symptom of too much money and too much demand in the system.

Again, why is a self proclaimed conservative all over these message boards spouting liberal talking points and defending liberal policy. Does proclaiming yourself small-C provide some cred?

[Gone_Fishin]

Canada is not the only country that questions the effect of a significant increase in corporate profits and their affect on inflation. Now people in Australia are questioning corporate profits.

So when oil & gas companies were losing billions for several years in a row, did you advocate to give them billions of dollars?

Maybe I missed your posts on that subject.

[George Orwell 1984]

Are we questioning Loblaws profits ?

[Even Steven]

Are we questioning Loblaws profits ?

We questioned Loblaws profits based on financial statements few topics ago and came to a conclusion there's nothing special about Loblaws profits.

[George Orwell 1984]

Are we questioning Loblaws profits ?

We questioned Loblaws profits based on financial statements few topics ago and came to a conclusion there's nothing special about Loblaws profits.

Being Loblaws reported 40% increase in profits in the first quarter I feel they are worthy of an excess profit investigation but then again we all know that will never happen being they are recipients of handouts from the liberals…… next

[Even Steven]

Being Loblaws reported 40% increase in profits in the first quarter I feel they are worthy of an excess profit investigation

Yes, and we've discussed that, pulled some historical numbers instead of blindly trusting headlines and it became evident that a year ago the profitability was unusually low and now it just went back to historic average ... but the newspapers will no go into details like this.

[erinmore3775]

“Canada’s top three grocers all posted higher profits this year compared with their average performances over the last five years, new research from Dalhousie University has found.” However, those of us who regularly shop have seen prices rise weekly. I was in the cheese section today.The woman beside celebrated that she had just found what she was looking for, but the feta had increased almost a dollar since she had purchased it two weeks ago. Staples like eggs, milk, bread, and even peanut butter have increased dramatically.

“ It’s quite possible that consumers are spending more money on products that have a higher gross profit margin like cosmetics and apparel, Taylor said.
“It’s also possible grocers have increased their margins on food. We just don’t know.”
The report comes as food inflation in Canada continues to spiral higher. Grocery prices jumped 11.4 per cent in September compared with a year before, the biggest increase since 1981, according to Statistics Canada.
Surging food prices have prompted the Competition Bureau of Canada to launch a study on competition in the grocery industry.
But the grocers defended their profits, saying their margins haven’t changed.”

https://www.thestar.com/business/2022/ ... port.html

If the grocery sectors quarterly reports were more transparent it would be easy to convince the public and shareholders alike that Loblaws and others are not the bad guys. But then that transparency would have to extend to compensation packages.

[George Orwell 1984]

I see no innocence with Loblaws as they had a miilion per DAY in “ excess profits” for the first quarter.

[Ken7]

We questioned Loblaws profits based on financial statements few topics ago and came to a conclusion there's nothing special about Loblaws profits.

Being Loblaws reported 40% increase in profits in the first quarter I feel they are worthy of an excess profit investigation but then again we all know that will never happen being they are recipients of handouts from the liberals…… next

Glad they profited we won't need to buy them new freezers and cooler display units.

[nucksRnum1]

I don't know why people are so surprised that the issues we see now don't make sense. ALL governments turn a blind eye to the economic formula gymnastics concocted by people. From small businesses on up. Especially at the top. Then you see someone waste time explaining the ideal from some textbook or from google and they sound like the teacher from Charlie Brown. Because EVERYONE knows that the whole economic system is a ponzi scheme. Just because there is propaganda about how things should work - doesn't mean that they are working that way.

[George Orwell 1984]

Loblaws reports an additional 30 % profit in the third quarter from one year ago . Looks excessive to me , must be time for punitive taxation ……. Oh right they donate to the liberals , how foolish of me.

[Gone_Fishin]

Loblaws reports an additional 30 % profit in the third quarter from one year ago . Looks excessive to me , must be time for punitive taxation ……. Oh right they donate to the liberals , how foolish of me.

Those poor buggers, let's buy them some new freezers...