lol exactly. If costs actually determined prices then they would price stuff at replacement cost, which is supposedly higher and is known. They wouldn’t wait to move prices until the higher cost stuff was on the front of shelves.Businesses definitely would never raise prices in anticipation of higher costs. We've never seen that before as risk mitigation. It's always after they've already incurred losses that they raise prices.
~"UW MBA" graduates
Are you suggesting that stockpiling goods and raising prices in anticipation of tariffs are mutually exclusive?Retailers and consumers stockpiled before tariffs hit
What are you rooting for, girls? Recovery of spending/demand and the inevitable spike in inflation due to increased cost and shortages, or recession?
Why not both?
What's good for America is bad for democratsRetailers and consumers stockpiled before tariffs hit
What are you rooting for, girls? Recovery of spending/demand and the inevitable spike in inflation due to increased cost and shortages, or recession?
Why not both?
I think it was in 2022 I read an article in the Wall Street Journal that talked about how Coca-Cola had raised its prices well above the actual inflated cost because their studies showed that consumers would pay the higher prices since Covid-era inflation was raising prices of all goods and services across the board. That was an eye-opener for me. Coca-Cola was actually making bigger margins in the face of all that inflation.lol exactly. If costs actually determined prices then they would price stuff at replacement cost, which is supposedly higher and is known. They wouldn’t wait to move prices until the higher cost stuff was on the front of shelves.Businesses definitely would never raise prices in anticipation of higher costs. We've never seen that before as risk mitigation. It's always after they've already incurred losses that they raise prices.
~"UW MBA" graduates
Imagine selling for a higher price if the public will pay it. Sort of a free enterprise Econ 101 lesson. Versus the labor theory of value in which the market doesn't set prices but commie/socialist elite decide what the right price is supposed to be.Based on an elasticity data driven decision. A good example proving the point that companies would not wait for higher COGS to raise prices if they thought they could get away with it.
Is that your official prediction Delores? C'mon, out with it.Retailers and consumers stockpiled before tariffs hit
What are you rooting for, girls? Recovery of spending/demand and the inevitable spike in inflation due to increased cost and shortages, or recession?
Why not both?
I filled up about 20 miles outside of Austin for something like $2.15 a gallon. Basically half price compared to WA.Husky fans at the natty in Houston early 2024 - "Did you see how low gas prices are here?"I just wish that the West Coast could enjoy lower gas prices instead of higher gas taxes