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Shares Of US Firms That Missed Profit Estimates Fell By Most In Four Years (Diesel Prices UP 118% Under Biden, Food CPI UP 20%)
Confounded Interest ^ | 10/23/2023 | Anthony B. Sanders

Posted on 10/23/2023 12:17:57 PM PDT by Kaiser8408a

Bidenomics, what can you say? A big payoff to green energy Marxists, and a slap in the face to the middle class.

The shares of US firms that miss profit estimates are falling by the most in four years.

Meanwhile, the price of diesel fuel, the life’s blood of the shipping industry, is up 118% under Biden while food CPI is up 20%.

On the housing front we see a spike in pre-foreclosure sales.

Bidenomics = Distress.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS:

1 posted on 10/23/2023 12:17:57 PM PDT by Kaiser8408a
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To: Kaiser8408a
Diesel Prices UP 118% Under Biden, Food CPI UP 20%

GloboHomo "Ukraine Joe" Biden doing his Job of Nazifying and Destroying America.

2 posted on 10/23/2023 12:27:20 PM PDT by Navy Patriot (Celebrate Decivilization)
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To: Kaiser8408a

Just returned from the grocery. A flat iron steak that could be bought at 6.99 to 8.99 per pound in 2020 is now 14.99 lb.

I don’t know where they get their food numbers, but they’re nuts.

I paid 4.99 for a half loaf of rye bread.


3 posted on 10/23/2023 12:33:45 PM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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To: Kaiser8408a

The US Goverment is simply lying. Food CPI is up 75-120% depending on which items you buy.


4 posted on 10/23/2023 1:09:12 PM PDT by MNJohnnie (Don't blame me, my congressman is MTG!)
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To: xzins

Agree. I would be surprised if I can find a single thing in my local grocery store that is up only 20% since Jan 2021


5 posted on 10/23/2023 1:10:07 PM PDT by MNJohnnie (Don't blame me, my congressman is MTG!)
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To: Kaiser8408a

The rich buy the politicians that formulate the laws, they influence the bureaucrats that write regulations and enforce them. They can hire the best experts and construct the most elaborate schemes to circumnavigate the rules. They never pay.

The poor have nothing to give besides body (say if we want to go to war again). They can’t pay.

***The middle class always ends up paying.***


6 posted on 10/23/2023 1:23:34 PM PDT by Red6
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To: Kaiser8408a

BUT we all don’t know how good it really is. I heard MSNBC tell us it is the greatest economy ever.


7 posted on 10/23/2023 1:29:52 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: xzins

I love me a good tuna steak and use to buy a nice big one when I would venture to another town and stop at Costco. $35 a pound. There are still “I did that” Biden stickers up everywhere.


8 posted on 10/23/2023 1:31:07 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Kaiser8408a

I was watching a farm video in Nebraska and the lady farmer was saying their combine holds 330 gallons. It uses 22 gallons per hour.
Diesel at todays price in Nebraska is about $3.50+
In Calif it is $5.50+

Then there are the various trucks and trains to move the product around the country.

You have a deliberate blocking of us drilling for oil by the democrats.

That is why food prices and everything else have gone up.


9 posted on 10/23/2023 2:15:35 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: Navy Patriot

Maybe I’m mistaken, but accordingbto the first graph, it seems that the number of firms NOT meeting profit expectations has more than doubled. Am I not reading the graph properly?
-ladt column goes from -2 to over -4.


10 posted on 10/23/2023 4:50:34 PM PDT by 4 Libertys sake (Fighting the good fight against enemies, domestic and unrepentant!!!)
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To: 4 Libertys sake
You are correct, there is some discrepancy between the title and the graph.

That is why I chose to quote only part of the title: "Diesel Prices UP 118% Under Biden, Food CPI UP 20%".

That part of the title is indisputably correct, and for that, I was able to fairly blame Biden & company.

11 posted on 10/23/2023 5:40:31 PM PDT by Navy Patriot (Celebrate Decivilization)
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