The new normal, rising prices on everything!

Discussion in 'Economy' started by Penelope, Aug 22, 2018.

  1. Penelope
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    Penelope Platinum Member

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    Procter & Gamble PG, +0.31% tried a different tack. In lifting prices by 4%-5% for its Pampers, Puffs, Bounty and Charmin brands, P&G explained the moves were meant to “restore structural economics.” CFO Jon Moeller, noting P&G’s stature as a bellwether, said in late July he expected an echo effect as industry peers follow suit with their own increases.

    That’s a classic play. When the Federal Reserve lifts its prime rate, every bank in the land quickly raises the interest it charges borrowers. The airlines jump on each other’s jetways whenever any of them hikes fares, and oil majors fall in line the moment one strikes a higher price at the pump. It may seem like collusion, but it’s Moeller’s “structural economics” at work, otherwise k

    https://www.marketwatch.com/story/h...-raise-my-press-relations-fees-2018-08-20nown as No Company Left Behind the Bandwagon.
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    Prices never come back down. Got to make those earnings sound good. Necessities.
     
  2. Penelope
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    Penelope Platinum Member

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    China has a billion more people than us, it will always produce more. India as well.
     
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  3. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ That's why Trump is attacking the Fed.
    Trump hits the Fed again in tweet: 'Tightening now hurts all that we have done'
    • President Donald Trump criticizes the Federal Reserve's monetary policy again on social media Friday, a day after his initial negative remarks were revealed on CNBC.
    • "The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?" Trump tweeted.
     
  4. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    When the Federal Reserve lifts its prime rate,

    The Fed doesn't set a "Prime Rate".

    Prices never come back down.

    Which is why gas is over $4 a gallon...…...whut?
     
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  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Always? They haven't yet.
     
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  6. Penelope
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    Penelope Platinum Member

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    china produces more - Google Search

    and more pollution.
     
  7. Toddsterpatriot
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    upload_2018-8-22_8-11-20.png
     
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  8. Penelope
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    Penelope Platinum Member

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    As the trade war goes on, prices will go up, wages will follow, they will need to for people to buy necessities and China will no longer afford our prices, nor India or S. Korea.
     
  9. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ We're their biggest customers. They need us more than we need them. Let's go to zero tariffs. We tried it your way for decades and it quite frankly sucks.
     

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