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Terrific Tuesday – Inflation Boosts Earnings

Inflation is great! Johnson & Johnson s (JNJ) Q3 sales were up 11% at $23.34Bn but earnings were only up 3% so IT S TIME TO RAISE PRICES! That s right, why should JNJ suffer through inflation when they can make their customers suffer instead? And, speaking of suffering, although they have been sued because their talc-based products seem to have been (allegedly) causing cancer all these years – it won t affect the company because they formed a new company that has no assets and assigned them all talc-related liabilities.

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