Quote:
Originally Posted by Pete F.
Don’t tell me corporations have no choice but to raise prices.
Corporate profits are at a 70-year high.
Stock buybacks are expected to reach $1,000,000,000,000 this year.
Corporations are doing just fine. Regular people are not.
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wholesale inflation was up 11% for june over prior year. lots of companies don’t have profit margins nearly high enough to absorb that.
So as usual, you’re wrong, companies have no choice. Doesn’t mean some arent gouging. but costs of labor and raw goods are way up. that’s going to lead to higher prices in the real world.
also, the feds printed a lot of checks and handed them out to people. That obviously was a catalyst in consumer spending.
if your opposed to corporate profits pete, you should
be angry that both trump and biden mailed big fat checks to lots of people who weren’t impacted one cent by covid.
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