Has anyone actually profited, in terms of real value, from this latest recession?
Some (American) Banks.
But you need to define what is real value. Profit and the real output are not same anyway - profit is just making money.
Generally, manufacturers and retailers of inferior goods.
Of course, many people profit from recessions. I believe McDonalds posted record profits last quarter or couple quarters back.
I believe Autozone has profited from it.
Very insightful! I agree on an intuitive level, but would like to see something more solid to support it.
1) This isn't depression yet
2) Americans have high living standards in general relative to people who consume the inferior goods on regular basis
So, I don't think those people are making big profits.
Ahem, McDonalds :rofl:
Not a record as I thought but it was a huge gain.
It doesn't have to be a depression and inferior goods don't mean goods that you sell in a 3rd world country.
That is pretty amazing. though the gain in alcohol sales isn't nearly as large it has had a continued growth over several years despite the economic troubles
note that this (edit - includes only) internationsal sales.
Authors of books on how to profit from the recession.
I think you need to determine what "profit" means. Lots of companies managed to still be profitable - but profits were lower than expected. What it sounds like you mean is a much harder number to calculate: who made more (or lost less) because of the recession than they would have otherwise.
People who are buying houses/apartments with the intent to resell them later.
"US fast-food giant McDonald's says its 2008 net profit soared 80 per cent from a year, lifted by growing demand from consumers seeking low-cost meals in a deepening global recession"
Not sure I understand this. I can see people buying jeans at Walmart rather than Gap in a recession. But people aren't switching from expensive restaurants to McDs, surely to save money you cook food rather than buy burgers ?
Politicians. The general public is so unbelievable stupid that they'll believe anything a suit and tie will tell them. Even if its, "The gov't printing (counterfeiting) and borrowing more money and giving it to incompetent fat cats is the NOBLEST thing we can do for the poor working class". Rather, its the best thing for politicians because it gives them more power. Just like nationalized health care gives them more power.
Well put, thank you. That was indeed my general objective.
Me. I was $44 billion behind Bill Gates before. Now I'm only $42 billion behind.
I'm not so sure I buy that, as 4Q08 had relatively poor performance. It was 2Q08 and 3Q08 where sales were high.
Also, these are bottom-line earnings, which isn't always a very accurate measurement - things like taxes and one time charges can distort it. If you really are interested in fishing through the financial reports to figure out the effect, I'd look for something called "same store sales".
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