Why haven’t any companies lost money during the pandemic?

Uh, I don't know, maybe because the government gave them a shitload of money?

It’s outrageous

Airlines and hotels? I thought they were losing money as no one was flying or booking rooms.

Nobody is buying cars either supposedly but the car companies are making record profits.

R6 the point of this thread is they are making record profits in spite of supposedly less demand.

They’re not reallcate profits to wages for their workers unless forced. Who is going to force them? The government politicians need their money to get elected. The whole system has become an oligarchy of the 1%.

Because the are price fixing and colluding under the cloud of the epidemic.

Whatever happened to antitrust laws?

There is not enough competition in the markets. Too many mergers and acquisitions. Too many conglomerates contribute to this mess we are in.

How do we explain this phenomenon that “inflation” is only affecting consumers and not business profits? Hmmmm? Answer me that?

Have you ever heard of inflation that only affects consumers? Odd, huh?

Couldn’t it be that this “inflation” is actually just price gouging from the usual suspects?

Follow the profit margins. Inflation my ass!!!

Why haven’t any companies lost money during the pandemic?

The answer is the tie that binds all this dysfunction in America: Corporate profiteering at all costs.

“Why haven’t any companies lost money during the pandemic?”

Doesn’t this make you scratch your head?

All that excess cash in the economy that is driving the runaway inflation has to go somewhere. I know people are just pretending to be shocked that the cash eventually makes it to Walmart, Amazon, etc. By definition, the more the economy is over stimulated, the more money companies will make. It’s math and economics.

Has any huge retail company gone bankrupt? They're closing a few stores here and there but they probably would have even without a pandemic.

Has any business lost a single penny?

[quote] Has any huge retail company gone bankrupt?

You can’t really use this as a measure because retail has felt the crunch from online sales and Amazon. Those that can’t readily adapt like Kmart/Sears and JC Penney are going under.

Even in NYC, we’re seeing long established businesses flagging or going under completely (Lord & Taylor, Brooks Brothers). Retail is changing and those not prepared to adapt will fail.

What r15 is saying is a lie.

Somehow we are supposed to believe that inflation is causing companies to make more money but the average person to be more broke. It doesn’t work like that.

Either there is inflation, so expenses for Walmart and Amazon go up, and profits stay the same or down. Because iin a real inflation scenario, Walmart and Amazon are paying more out. So they don’t make as much profit.

But that isn’t happening.. They are just charging higher prices but their cost don’t go up. They raise they prices way over the cost of annual inflation which caused these HUGE profit margins.

This so why everything is so expensive. NOT INFLATION.

R18 those examples were selling themselves to private equity before the pandemic.

More dishonesty and distractions.

Car companies are selling fewer cars and making more money than ever. Does that make it more clear?

They are gouging anyone who comes within 10 Feet of the lot.

We did. Guys couldn't cheat as easily, wifey was around too much.

[quote] World's largest condom-maker says condom sales

I read that and thought it was a novelty over-sized condom maker. I was wondering if it was used for bachelorette parties as a sash or hat or something.

Many small to midsize companies went out of business.

Why, why, why can't we be like Cuba?

Or Venezuela?

r25, why, why, why can't we be like Norway?

Or Germany?

Or Canada?

Or Japan?

Or Belgium?

Or New Zealand?

If there was really a labor shortage, then companies would have closed up much more than they have. Wall Street would be in free fall.

Yet companies are making a fortune. What gives?

What are you gonna do about it? Occupy Wall Street? (Chortle).

It seems like this time people are fed up.

Shouldn’t they have lost even a few dollars? How did we get to the point that every business was guaranteed profits no matter what?

Who promised them they would never even suffer a single quarterly loss?

All you have to do is put your shingle out and you’re guaranteed bountiful profits for eternity? When did we make that deal?

Most Americans with 401ks and pensions benefit when these companies make money. We should be happy about it

The average person has been ripped off and billed for every penny amounting to much more losses than 401k gains.

And who’s to say you won’t retire during a bad couple of years? 401ks sound nice but it’s all on paper. You can use it without paying through the nose unless you’re at deaths door.

I wish I had been born in a Scandinavian Country.

There's a proposal to send out more stimulus cheques. Not sure anyone in Congress will back it. But there's still people out there suffering

How about RAISES instead of stimulus.

It’s time that corporate America did its part instead of asking for handouts.

They have the money.

Give out bonuses and raises. They don’t pay taxes, this is the least they can do.

A lot of large corporations turned down government aid even at the height of the pandemic because it had a condition. ( They weren't allowed to pay bonuses for a period). That's when I realized that all these CEOs are in it for their own wellbeing and not their employees.

Somehow, the company a friend works for got PPP loans, but also put all their employees at part-time so the employees could get the unemployment bonus.