Discussion in 'Economics' started by MKTrader, Nov 17, 2010.
Along with the rise in gasoline prices and various commodities the important point is at least we don't have inflation. [sarcasm].
Just let me "think" : higher input prices lead to higher output prices, which in turn leads to higher calculatory costs. In order to remain as profitable as before companies will :
a) increase employees salaries ? Hum - no.
b) hire more employees ? Hum - no.
c) influence on Washington policy makers to fire Ben Bernanke as FED chairman ? Yes, highly appreciated.
Never fear. "Core" CPI, which excludes those pesky food and energy costs (and makes many other adjustments), came in at 0.0% last month.
What a joke.
That's because the price for printer ink and the cost/GB of spinner drive data storage offsets it all.
Stop buying any clothes until the ones you have fall apart completely. That is what I am doing. Let's see much Wal-mart can raise its prices.
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