Exactly, it's still a somewhat survival of the fittest world, especially politics. Certain psychopaths get in as they have the skill to take down their opponents at whatever the costs.
Then these people with their morals and ethics have the power to make global decisions.
We made the money printers to brrr for a very long time with almost no inflation
You can't print without consequences. The more you pump into circulation, the more currency you need to buy the same goods and services. You're basically losing purchasing power.
If you give everyone a million dollars, you're going to see prices increase. If prices don't rise, people could buy out entire stocks of goods and you'll have supply problems. So you need prices to increase to adjust for the amount of currency circulating. That's inflation.
Chart on your purchasing power over the years:
Are these record profits adjusted for inflation? As in, are they earning more or is it nominally higher?
My logic being, overhead gets more expensive as the currency diminishes. Companies raise prices (which you're seeing) to offset that. And then nominally, yes they'd be making record numbers. Like Zimbabwe, they made record numbers when they had hyperinflation. Didn't mean they were doing well.
And yeah I mean it's not just devalued currency, there are a lot of factors that go into inflation. But Id say it's one of the biggest contributors for sure.
Interest rates stayed low for too long and people borrowed up to their eyeballs (corporations included), pumping a lot of currency into the market. That's got to account for something no?
Until they stop printing money and devaluing the dollar...
Too many people think inflation only means price increases. That's just a symptom. If banks and governments keep flooding the market with cheap loans and subsidies, you're inflating the money supply, meaning you're adding more money into circulation.
The more money sloshing around the more you'll need to purchase goods (hence why your dollar starts to devalue)... And hence price increases.
And no government is doing enough to solve inflation, even with these rate hikes.
Exactly, it's a speculative asset based on the greater fool theory
It's kind of a big difference. If a company makes 300M but spends 400M it's unsustainable despite it being huge numbers.
And depending on what brand you buy or how much you take, you could be exposing yourself to a lot of heavy metals
This would have happened sooner if it wasn't for the cheap debt. Unsustainable businesses, hiring passionless staff and managers, mismanaging and producing sub par products.
Eventually people stop supporting these games.
When the money runs dry and it's harder to borrow due to higher interest rates, you have to start cutting costs. And if your business is inefficient and bloated you have to downsize to survive.
If that doesn't help, you go bust.
Supply and demand? If you flood the market with stock, everyone can sell them and out bid each other until it's as cheap as it can get while still turning a profit. That's competition.
The fact that there isn't enough stock is why it's so easy to price gouge...
Well military yes. You still have economic and cyber wars and colour revolutions (upsetting the locals to raise up against the power). Which honestly you're seeing more of.
Don't worry, the powers will always find ways to innovate.
They're still selling it to europe, but because of the sanctions, Russia sells it to India and then India sells it to Europe.
Basically all these sanctions did was add a middle man for Europe making it more expensive but still financially supporting Russia.
Ohh Querns a fantastic game! And was developed by university students. They really captured the myst vibe for sure.