lol exactly. If costs actually determined prices then they would price stuff at replacement cost, which is supposedly higher and is known. They wouldn’t wait to move prices until the higher cost stuff was on the front of shelves.
I think it was in 2022 I read an article in the Wall Street Journal that talked about how Coca-Cola had raised its prices well above the actual inflated cost because their studies showed that consumers would pay the higher prices since Covid-era inflation was raising prices of all goods and services across the board. That was an eye-opener for me. Coca-Cola was actually making bigger margins in the face of all that inflation.
Based on an elasticity data driven decision. A good example proving the point that companies would not wait for higher COGS to raise prices if they thought they could get away with it.
Imagine selling for a higher price if the public will pay it. Sort of a free enterprise Econ 101 lesson. Versus the labor theory of value in which the market doesn't set prices but commie/socialist elite decide what the right price is supposed to be.
Economists have been baking in tariff inflation into their estimates for two months now. Guess they didn’t get the memo that you are supposed to wait. Retailers like Walmart are threatening them. Do it Walmart, quit talking about it.
With the amount of air cover that companies have from the media and economist expectations, surely they’d have pulled they’d have pulled the trigger by now if they were going to do it right?
Comments
I said you could sit this out H
You should have listened
lol exactly. If costs actually determined prices then they would price stuff at replacement cost, which is supposedly higher and is known. They wouldn’t wait to move prices until the higher cost stuff was on the front of shelves.
What are you rooting for, girls? Recovery of spending/demand and the inevitable spike in inflation due to increased cost and shortages, or recession?
Why not both?
Are you suggesting that stockpiling goods and raising prices in anticipation of tariffs are mutually exclusive?
What's good for America is bad for democrats
We're rooting for America
Your obsession with your daddy makes your takes retarded
Retail sales adjusted for inflation basically haven’t moved in forever.
I think it was in 2022 I read an article in the Wall Street Journal that talked about how Coca-Cola had raised its prices well above the actual inflated cost because their studies showed that consumers would pay the higher prices since Covid-era inflation was raising prices of all goods and services across the board. That was an eye-opener for me. Coca-Cola was actually making bigger margins in the face of all that inflation.
Based on an elasticity data driven decision. A good example proving the point that companies would not wait for higher COGS to raise prices if they thought they could get away with it.
Imagine selling for a higher price if the public will pay it. Sort of a free enterprise Econ 101 lesson. Versus the labor theory of value in which the market doesn't set prices but commie/socialist elite decide what the right price is supposed to be.
Jim Rome could have taught economics
Why do teams charge so much for tickets?
Because they can
H is looking for a way
Economists have been baking in tariff inflation into their estimates for two months now. Guess they didn’t get the memo that you are supposed to wait. Retailers like Walmart are threatening them. Do it Walmart, quit talking about it.
With the amount of air cover that companies have from the media and economist expectations, surely they’d have pulled they’d have pulled the trigger by now if they were going to do it right?
Is that your official prediction Delores? C'mon, out with it.
The only payoff with reading H’s posts comes when he tries to play grown-up and just gets his ass handed to him time and again until he ejects.
Like this thread.
I filled up about 20 miles outside of Austin for something like $2.15 a gallon. Basically half price compared to WA.
PPI showing similar results to CPI. So much for the just wait you’ll see crowd.