America’s banks are missing hundreds of billions of dollars

Re:America’s banks are missing hundreds of billions of dollars by Workaccount2 on Wednesday March 22, 2023 @10:21AM (#35261431)

Corporations are always greedy and always trying to maximize the amount of money they can get for their goods and services. This has been true since forever.

Corporations raising prices is a response to inflation, not the cause of it.

When the levy breaks and the town floods, don't blame the river for being a river. Blame the engineers that built the levy.

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Re:America’s banks are missing hundreds of billions of dollars by naasking on Wednesday March 22, 2023 @12:02PM (#35263129)

> Corporations raising prices is a response to inflation, not the cause of it.

Sorry, that's wrong. Corporations are taking advantage of the perception of supply chain disruptions to excuse price gouging. Supply chain shortages led to a 1-2% bump in inflation pushing it to 3-4%. Corporations then bumped prices 3-4% which raised inflation even more, pushing it to 7-9%.

If corporations were raising prices in response to increases in costs, their profits would remain flat or only slightly increase. That's not what the data shows.

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