However… looking at the Fed series, the recessions seem to hit 3-8 years after the Fed starts to raise rates. - SF
That is why what is happening in China matters going into 2023. It coincides with the FED being able to use interest rates on the flip side to help the US economy.
It’s my opinion that a majority of our fellow human beings don’t wake up in the morning, and say "how can I engage in disconnect’. I don’t think they look at their young kids and say “how can I give them discontent and make it a family tradition”.
May the day come - where elements of the world - actually examine - just what, and why discontent is among societies - especially in the “rich” world.
Pluralities don’t take to being ignored - such dismissiveness only adds to their ranks.
Who knows, we might even see that some people have a point of view that is legit - or at very least - with some good reason.
Non authoritarian societies cannot progress - if huge pluralities of citizens are rowing in the opposite direction.
A 1st step would be - seeing others as equals.
<<Also keep in mind that if an oil company sells gasoline at $3 with a 10% margin, they will earn 30 cents gross. But if they sell gasoline at $4 with a 10% margin, they will earn 40 cents gross.>>
If profits were flat that would be true, but profits do not appear to be flat.
https://fortune.com/2022/03/31/us-companies-record-profits-2……
U.S. companies post their biggest profit growth in decades by jacking up prices during the pandemic
I’m not sure what you mean by “flat”? The example I gave is pretty much the same as what the article you posted says. In my example, the profit went up by 33% (from 30 cents to cents), in the article it says 25 to 37% profit gains. Nevertheless, the profit margin in my example remained the same throughout.