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inflation roaring - Corporations gleeful - plan to continue raising prices

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02-28-2022 , 06:40 AM

FallawayJumper

adept

Join Date: Nov 2019 Posts: 1,116

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they call it branding -they think consumers don't care - are willing and able to pay whatever

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put the headline into google and then click the link to beat the paywall

https://www.nytimes.com/2022/02/27/b...inflation.html

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Last edited by FallawayJumper; 02-28-2022 at 06:47 AM.

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02-28-2022 , 07:49 AM

Monteroy

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 16,729

Thanks for the daily New York Times contentless thread. I will read it after watching the contentless MSNBC link from the steam guy and the contentless fringy alt-right Twitter post of someone with dozens of followers that Harkin shares.

All the best.

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02-28-2022 , 09:26 AM

RFlushDiamonds

cool

Join Date: Apr 2013 Posts: 5,969

Quote:

Originally Posted by FallawayJumper

If consumers keep spending they'll keep raising the prices.

My question is, where is the money coming from ? Houses are basically impossible to afford as is decent health care. I suspect there's a lot of debt and various poor economic choices being made.

But what do I know ? If something is too expensive and I don't need it, I don't buy it. I'm stupid that way I guess.

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03-01-2022 , 10:53 AM

grizy

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 20,647

Wages are rising very quickly overall, albeit unevenly. Lower unemployment also brings money into the system. Another fuel source is rising asset (stock) prices. Yet another fuel is just pent up demand from people coming out of their caves.

Last edited by grizy; 03-01-2022 at 11:09 AM.

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03-01-2022 , 11:54 PM

John21

Pooh-Bah

Join Date: Jun 2006 Posts: 3,558

Quote:

Originally Posted by RFlushDiamonds

If consumers keep spending they'll keep raising the prices.

My question is, where is the money coming from ?

Nowhere. Seems mostly cost-push inflation. That Q4 GDP exceeded pre-pandemic estimates is a good indication aggregate spending isn't up but rather production is down.

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03-02-2022 , 12:05 AM

John21

Pooh-Bah

Join Date: Jun 2006 Posts: 3,558

Quote:

Originally Posted by grizy

That's great for those receiving the wages but it still results in more money spent on the same quantity of goods produced. So unless you're from the "give people more money to spend and businesses won't just raise their prices but instead produce more goods for them to consume" school of thought, those rising wages without being met with an increase in production, which they're not, will just lead to higher prices.

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