How Corporate ‘Greedflation’ Contributes To Higher Consumer Costs And Job Losses

SilleeMee · ‎05-22-2016

@CelticCrafter wrote:
@SilleeMee wrote:
Sometimes I think I should buy my things today b/c if I wait then the prices will be higher tomorrow, no doubt.
@SilleeMee we do for non-perishables when they go on sale.

@CelticCrafter

I'm hoping to get the outside of my house painted soon and I'm fearing the worst for what the painters are asking. If I do it sooner than later I think I might save some money but I don't think it will be a significant amount I'm afraid. Maybe one of the painting companies can give me a break...who knows. I won't be cutting corners on paint quality. That's for sure.

drizzellla · ‎03-14-2010

@Sooner wrote:
@THEY CallMe Mr Wilkes wrote:
Since 1914 there have been only 14 years when an annual CPI decline occurred.

So I say yes, a positive inflation rate is indeed the historical norm.
@THEY CallMe Mr Wilkes Well, in recent history, post WWII times, I'd look back to the 1980's and the oil embargo times for a better perspective on modern policy and world issues. You can sort of look at where inflationary times are concentrated for a better picture.

In May, 1980 we were THRILLED to get a mortgage at 16.5% interest rate. The only reason we were able to get a mortgage was because our Real Estate Agent pulled some strings with the Bank next door to her Real Estate office.

Up to that point the banks just hung up when my husband tried to get a mortgage.

We had both been at our jobs for over 10 years and were putting 20% down. And no bank wanted to touch us.

catter70 · ‎10-11-2017

I'm not sure it's ever going away. It's called greed. A few weeks ago I got eggs for around $1.09, now they are closer to $3.00 again Pet food is over the top.I've given up buying some things due to cost.

granddi · ‎03-16-2010

Agree and understand that economies go through cycles. Major business publicaitons discuss that this period of our US economy is out of balance of the normal. Fed policy is not having the expected results.

Forbes (which is not known for its liberal pov) says:

How Corporate ‘Greedflation’ Contributes To Higher Consumer Costs And Job Losses

CelticCrafter · ‎03-09-2010

@catter70 There is another outbreak of bird flu and that's why the price of eggs keeps going up.

Nightowlz · ‎03-11-2010

People should only be buying what they need.

Don't pay the high prices. Keep your money. That's what I'm doing.

akaburtonfan · ‎12-08-2013

When it comes to pricing, companies have seen that when supply was down and they raised prices, for the most part people were willing to pay the higher prices. Now that the supply chain issues have eased up they have no incentive to lower prices to what they had been previously because consumers are still buying their products. Corporations are meant to make money -- it's just too bad they aren't willing to use some of those profits to give their employees raises.

Oznell · ‎11-08-2014

Inflation is keeping the price of food sky high. Sticker shock every time at the grocery store. I still think, if prudence ultimately prevails, it can come down-- am holding on to that thought!

millieshops · ‎03-09-2010

@Sooner I use the inflation statistics only to understand how much prices are likely to rise. I can't remember that they have ever told us if or when prices will go down.

I'm in the IF camp when it comes to prices going down. Except for the things like fuel and dairy products which have always fluctuated, I don't expect lower prices any time soon. I certainly could be wrong, but the choices for how to accomplish a significant price reversal are not easy.