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Here we go again. Another case is of if you say it enough it must be true. Meanwhile drive by a mall or go to a store. They are packed. Lines are ling and peop
by 40yearoldman 3y ago
Here we go again. Another case is of if you say it enough it must be true.
Meanwhile drive by a mall or go to a store. They are packed. Lines are ling and people are falling over them selfs to buy stuff.
Cars. While recovering, are still hard to find. When dealerships have shortages they do massive markups. Lets are sold but huge profits per car. This price action is due to demand, bulls have to be paid.
Yet you totally ignore the masses of money injected into the economy. Hell we still have areas in CA where eviction is still banned and people are just living rent free.
There is just too much day to day evidence to consider your statement that gave zero examples as good faith arguments.
Next up. Replies replies showing a one off case of profit as status quo.
- FollowingTheDao 3y agoThere is a large amount of YOLO going on, and this is reflected in the higher amount of credit card delinquencies: https://fred.stlouisfed.org/series/DRCCLACBS https://fred.stlouisfed.org/series/DRCCLACBS Do not assume that because someone has expensive things that they also have a lot of cash and no debt. > When dealerships have shortages they do massive markups. Lets are sold but huge profits per car. If price increases are due to supply constraints profits should equalize, not increase (This is called price elasticity). People need cars and manufactures are taking advantage of that fact. The demand (actually absolute need) for a car make the price extremely inelastic.
- 40yearoldman 3y agoYou just tried to counterpoint with evidence that people are out spending more. You called it YOLOing.
- FollowingTheDao 3y agoThey are YOLOing with debt, not cash.
- _uhtu 3y agoLemme get this straight, your counter to the point "companies are bragging about raising prices" is... I see a lot of people in my local mall?