“We’re seeing this expansion of margin under the cover of, ‘Oh, it’s a general inflation problem, we can’t help it,’ Paul Donovan of UBS said Thursday.
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Inflation was only ever caused by two things: corporations increasing prices, and massive balance of payments inequities. Except that it’s almost always the former, since the latter almost never happens (except for the US and their exorbitant privilege) and leads to hyperinflation.
Yeah that seems like bullshit. If they raised prices proportionally profit levels would remain flat.
