They’re popping champagne on Wall Street this week. S&P 500 hit 7,489 — record goddamn high. More than half the companies reporting ‘strong profit growth.’ SpaceX, McDonald’s, Clorox, Marriott — all lining up to brag about how good they did.
Here’s the part they hope you don’t read: the same inflation crushing your grocery bill is the profit growth they’re toasting. They raised the prices. You paid the higher prices. Then they booked the difference as performance and called it a strong quarter.
The AP says investors are watching ‘how households are spending amid stubbornly high inflation.’ Translation: they want to know if there’s still juice in the squeeze. Whether working families can still be stretched thin enough to keep the stock ticker climbing.
McDonald’s reports Tuesday. You know what McDonald’s did? Raised menu prices, kept wages flat where they could, and called it earnings growth. And some mom somewhere is doing math at the kitchen table to figure out which meal gets cut this week so the kids eat enough.
That’s the fucking economy they’re celebrating. Record stock valuations on one side of the ledger. Record grocery bills on the other. Same goddamn coin. You overpay at the register, they overprofit on the earnings call, and some anchor on CNBC calls it ‘resilient consumer spending.’
Resilient. Like a mule is resilient because it keeps pulling after the whip.
Don’t let them tell you the economy is strong. The economy is strong the way a rigged carnival game is fun — somebody’s winning, and it ain’t the family buying tickets.
The ‘strong economy’ was your wallet, emptied at the checkout, booked as their earnings per share. Eat shit.
Source story: Wall Street gears for jobs report, SpaceX earnings, McDonald’s results.