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David August (davidaugust@mastodon.online)'s status on Monday, 24-Apr-2023 14:45:24 JST David August
- Peter Nimmo
Our grocery bills, and all bills, are high because of more greed than ever in history? Oh, that explains it. 🛒🍋🍞🥛
https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/
#inflation #greedflation #economy #economics
h/t @yaneerbaryam @Peternimmo
In conversation Monday, 24-Apr-2023 14:45:24 JST from mastodon.online permalink
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1. Furthermore, Edwards wrote, in the Tuesday edition of his Global Strategy Weekly, after four decades of working in finance, he's never seen anything like the "unprecedented" and | "astonishing" levels of corporate Greedflation in this economic cycle. To his point, a January study from the Federal Reserve Bank of Kansas City found that "markup growth" -the increase in the ratio between the price a firm charges and its cost of production-was a far more important factor driving inflation in 2021 than it has been throughout economic history.
  https://files.mastodon.online/media_attachments/files/110/248/875/390/507/016/original/318b93aacfbf0a0c.jpeg

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