General Discussion

Johnny2X2X

(24,465 posts)

3. Global Inflation

Tue Sep 27, 2022, 08:25 AM

Sep 2022

Last edited Tue Sep 27, 2022, 09:01 AM - Edit history (1)

This is a global issue. There are still serious global supply chain issues. And a lot of what consumers globally are seeing is firms paying premiums to get the parts they need, or them buying excess stock when the parts they need finally became available. Storing inventory has costs associated with it that are being passed along. Energy prices are also a factor.

Things got all out of whack because of Covid. This has exposed some holes in Lean manufacturing/just in time delivery concepts.

Is there some gouging? Yes, no doubt about it. But if it were mostly gouging, it probably wouldn't be a global issue.

The US is navigating global inflation better than most industrialized developed nations.

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Is it just possible that a good portion of the "inflstion" we are hearing about daily is [View all] Atticus Sep 2022 OP

A case of having your cake and eating it too. Yea, it is possible. Chainfire Sep 2022 #1

Of course it is! Totally. yardwork Sep 2022 #2

Global Inflation Johnny2X2X Sep 2022 #3

thanks. I think that has it pretty square. stopdiggin Sep 2022 #7

My company is (well, used to be) a JIT manufacturer VWolf Sep 2022 #28

Yes, and the problem with the FED continuing to increase interest rates is that it does not Lonestarblue Sep 2022 #32

It's really a matter of how you define gouging. From labor's standpoint, KPN Sep 2022 #40

An article in Fortune discussed this exact issue ripcord Sep 2022 #49

Exactly what they are doing Grolph_ Sep 2022 #4

Predatory Capitalism is alive and well. Emile Sep 2022 #5

Gas prices are going back up just before the midterm Emile Sep 2022 #6

also might have something to do with stopdiggin Sep 2022 #10

Sure, okay. . . Emile Sep 2022 #11

Hurricanes are always a good excuse to Jack up oil and gas prices KPN Sep 2022 #45

Why did they ever go down at all? MichMan Sep 2022 #13

Give President Biden credit! Emile Sep 2022 #14

It is greedflation. Demsrule86 Sep 2022 #8

A lot of it is Bettie Sep 2022 #39

No. brooklynite Sep 2022 #9

It's not one big conspiracy but Elessar Zappa Sep 2022 #23

Correct. It's not a conspiracy, it's a characteristic of KPN Sep 2022 #47

So are they also doing this in the UK to harm the conservative government? onenote Sep 2022 #12

Bingo, this is GLOBAL INFLATION Johnny2X2X Sep 2022 #16

You didn't really think they were going to let YOU keep all that 2020 money underpants Sep 2022 #15

+1 2naSalit Sep 2022 #17

+2 Emile Sep 2022 #18

+3 leftstreet Sep 2022 #58

It's just greed. Pure greed. themaguffin Sep 2022 #19

More than possible. Very likely! ananda Sep 2022 #20

IMO, it's just price gouging for the sake of more profits, ie... Ferrets are Cool Sep 2022 #21

That is exactly what it is. PatrickforB Sep 2022 #22

+1 Emile Sep 2022 #26

Exactly Farmer-Rick Sep 2022 #35

Absolutely. They do it every time. Wicked Blue Sep 2022 #24

Yep. Virtual cartels control so many key industries now that they can manipulate prices. TheRickles Sep 2022 #25

I know it is. Of course it is. All other so called explanations are mega woo BS Roisin Ni Fiachra Sep 2022 #27

Agree! True Blue American Sep 2022 #37

So, clearly Prairie_Seagull Sep 2022 #29

Some but not most. This was going to happen no matter WHO won the presidency. oldsoftie Sep 2022 #30

That's EXACTLY what it is. You nailed it. ancianita Sep 2022 #31

Profit taking. Marcuse Sep 2022 #33

Totally Possible NowISeetheLight Sep 2022 #34

Yes it is! True Blue American Sep 2022 #36

Yes, they're also getting corporate media to talk down the economy. GoCubsGo Sep 2022 #38

Yes, the so called economic experts blowing smoke out their asses Emile Sep 2022 #43

that's a significant factor, but most of it is driven by monetary policy Amishman Sep 2022 #41

Imagine if the repubes take the house. And they put social Meadowoak Sep 2022 #42

They'll probably raise the Social Security retirement age again. Emile Sep 2022 #59

mega-corporations spiking their prices in an effort to defeat more Democrats? Person of Interest Sep 2022 #44

Tiffany Smiley is running against Patty Murray. Mblaze Sep 2022 #46

One minute Joe is a big spending Socialist, next minute he's a Predatory Capitalist raising prices. Emile Sep 2022 #54

Tried and true unfettered capitalism. 'Murican dream, baby! rubbersole Sep 2022 #48

REMINDER: Every Single House Republican Voted Against Efforts to Lower Gas Prices Botany Sep 2022 #50

If we're not just running against Republicans, but also against mega-corporations and the media Mr. Ected Sep 2022 #51

It absolutely is. BradAllison Sep 2022 #52

More than possible, I think it's a sure thing Handler Sep 2022 #53

Past time for a windfall profits tax SouthernDem4ever Sep 2022 #55

I see it more like trying to recoup what business lost during pandemic. The biggest txwhitedove Sep 2022 #56

That's been my thinking since the supply chain woes seem to have eased. Texin Sep 2022 #57

Yes Meowmee Sep 2022 #60