Judd Legum

@JuddLegum ↗

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Last Checked May 4, 2022

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Tue Apr 19 12:38:28 +0000 2022

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Judd Legum @JuddLegum

2. In 2021, after-tax corporate profits increased 37%, the largest increase since the Fed began tracking profits in 1948 Inflation is a complex phenomenon but "outsize price hikes are at least partially responsible for rising inflation." https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022

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Judd Legum @JuddLegum

1. Yes, inflation in March reached 8.5% annually, the highest rate since 1981 But something else is reaching heights not seen in decades: corporate profits Top retailers are bragging they've been able to exploit inflation to fatten their bottom line 🧵 https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022

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Judd Legum @JuddLegum

3. The CEO of TJX, the parent company of @tjmaxx, @marshalls, & other brands, described "inflationary price increase[s]" as "a major opportunity" The CEO said its record profits in 2021 (3.29B) were "really driven by a large part by the pricing strategy" https://t.co/PblWOMf2tO — PolitiTweet.org

Posted April 19, 2022