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I have the same sense - but they can only get away with it because a) people have excess savings b) people are willing to spend those excess savings. When cons
by balderdash 3y ago
I have the same sense - but they can only get away with it because a) people have excess savings b) people are willing to spend those excess savings.
When consumers start reducing demand, or substituting other products things will change - I’ve already started changing my behaviour - but it takes a little while, you buy a $7 jar of mustard, $12 bag of granola, or a $30 hotel margarita - and you’re f** that never doing that again, but it feels like it takes a while for that to work its way through the system.