Prices for everything are rising and have been on the uptick for a while. Now companies are forecasting continued increases. LINK
Not only are there increases being forecast but some are in the 10% range.
Anyone who thinks supply and demand, the supposed cornerstones of our capitalist marketplace, are working had better look again.
Gas is the highest it’s ever been for this time of year even though driving has dipped just below the levels from 2005.
What is going on is companies are doing whatever it takes to have profits to their liking instead of those established by marketplace activity. In any normal circumstance when business is slow you have less revenue and less profit. But that isn’t the way our economy works anymore. Now we have companies rigging things to guarantee whatever profit they want and accepting no marketplace risk at all. As with everything of late all the risk is being handed to consumers and taxpayers. Just the same as our stupid wars. The only persons at risk are those at the low end of the economic ladder.
Lis, we so need a crime category.