All the negative jawboning from folks like Blackrock CEO is making for self-fulfilling prophecy.

[Samrob]

The corporations are playing their cards to set the stage for keeping prices and high profits at these high rate. Until consumers cut back, there will be no reductions in either.

Grocery stores are not selling high price food including meats. Lots of food is being wasted. Lowering the prices on Monday-Wednesday and people are still not buying because the prices are still too high after so-called reduction in price. My friend tells mat lots of prime meats with expired sell-by dates are being sold to some local restaurants or ground up and sold as ground beef at lower costs. Lots of produce is spoiling also.

[Escurumbele]

1. We, the People continually ignore the power we have, if we stopped being so complacent

companies like Facebook, Apple, food corporations, the gas industry, crooked politicians would fall in line and this World would be a better place, but "We, the People" are easily pleased with "Monday night football", a six-pack and other entertainment idiocies that steer us into forgetting that "We the People Have the Power" to change things in our favour.

[bucolic_frolic]

2. I agree with you

Even in the biggest retailers with the most traffic, I see products stagnant. Sour creme, frozens, cottage cheese. I go to the discount retailer across town and they've got plenty of it, at 30-40-50% off. WW flour at $4.48 is $2.50. And I still see sell-by date meat at 50% off same day. Not a lot of it, but still.

Meanwhile, no one is buying non-food items in other parts of the store. So, they raise prices on food some more. And put advertising on the loud speakers about their "low, low prices". Beware anytime they announce low prices. It's to disarm you. Don't listen to them. Read the prices and use your memory to see if the prices are low, or higher than ever before.

[Beartracks]

3. You say "until consumers cut back" and also "people are still not buying."

So I'm confused; I can't tell if there's high demand or low demand. I thought a decrease in demand would eventually lead to lower prices. Is there a link to some story about Blackrock CEO? I am unfamiliar with who that is or what he/she has been saying. Thanks!
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[durablend]

4. Yeah that's nonsense too

All lowering of demand does is reduce profits so they raise prices to make up for it (setting up the neverending spiral)