#which is the exact scenario in which inflation would happen so we can't be suprised when opportunists like these try to leverage a tragedy | Explore Tumblr posts and blogs

danray002 · 1 year ago

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https://www.msn.com/en-us/money/other/the-biggest-study-of-greedflation-yet-looked-at-1300-corporations-to-find-many-of-them-were-lying-to-you-about-inflation/ar-AA1lcmku

Link above is the same story without the paywall. (Because we're reading beyond the headline before passing on the info, right?)

"Profits for companies in some of the world’s largest economies rose by 30% between 2019 and 2022, significantly outpacing inflation, according to the group’s research of 1,350 firms across the U.S., the U.K., Europe, Brazil, and South Africa."

#I mean in fairness #that's what inflation is #you had stimulus money being given out and not as many goods produced #sellers realize the money-per-product tatio has tipped and raise prices accordingly #literal supply and demand this shouldn't come as a surprise to anyone with actual financial literacy #not saying it's good just that this is the normal consequence of stimulus cash amd slowed production whether those are necessary or not #looking through the story it looks like thisbwas mostly for things people needed (food fuel etc.) so these companies knew they could squeez #a large part was also from the fact that fuel sale competition dropped once Russian petrol was basically taken off the table #so yeah in order to combat Covid we had to give money to people and slow general production to slow spread of the disease #which is the exact scenario in which inflation would happen so we can't be suprised when opportunists like these try to leverage a tragedy

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