Excellent points! This is so misunderstood by many. The goal isn't always to sell as much as possible and that's what everyone thinks. The goal is to make as much profit as possible and a company can get to a point where for a given price, selling/producing more is LESS profitable, so they aren't going to lower the price to sell more. Better yet, this price and supply level can be very accurately calculated. This managerial accounting 101...
The cycle continues. Prices are now dropping as companies have pushed as much as they could.
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So OP really is just implying FED is using a hammer on threaded a fastener. In a proletariat bent of course.
Sodas taste like crud once you quit drinking them for 6 months I got off of sodas about 30 years ago.
I have had a few diet pepsi in the 20 years - maybe a handful of times - and one time they brought regular Pepsi and it was nastier than the diet.
What sodas were you drinking? Some taste like crud all the time. My experience is just the opposite. I probably average less than one a month when ordering a combo meal. They may also taste like crud if the soda dispenser isn't working properly.
Economic theory to HFCS on a lubricant forum checks all the boxes for me!
I see folks complaining about high prices of gasoline here a lot. Those really high priced states usually have high state gas tax. Many flip the gasoline recipe twice a year which also costs money to changeover. Wages are generally higher in the states with high gas taxes. Someone pointed out they spent $4.89/gallon for gasoline in Washington recently. I leved there 23 years and still have many relatives throughout the state. I was there last week and regular was right at $3.99 a gallon throughout Eastern Washington and I paid the same at Costco in Western Washington. Here in Wyoming it is close to $3. There is no state income tax in Washington or Wyoming, the sales tax is higher in Washington but property taxes, car tabs and other government costs are higher here in Wyoming. At the end of the day I think it may be a push.
This explains why you can't buy a Ford Escort anymore. They've abandoned the bottom of the car market.
4WD
$50 site donor 2024
Sure - and Tag does not care to compete with Timex …
Same as we discussed lubes at a price point here …
Good it’s awful for you.
This !!!
and you will be more healthy and less burden to the health care system
An $18 Big Mac meal sparked a revolt against high prices. Companies are finally listening — CNN
Pop quiz: How much does a Big Mac, fries and a fountain beverage – also known as a Big Mac combo meal – cost?
apple.news
McDonald’s admits to pushing prices. No surprise there.
It is interesting that this only (sort of?)works on a large scale. Isn't Boeing paying the price for exploring the limits of maximizing profits above good long term business decisions?
Small businesses in a smaller towns don't do well with this "profits only" mindset either, that I've ever seen.
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And now space folk stuck on the ISS
people stopped buying things because they became too expensive. wow, I learned about that in high school its called supply and demand. basic economic theory that has stood the test of time. increase the money supply and the demand for products increases and therefore the price. its called inflation. spending money does not reduce inflation.
Exactly my point. The cycle continues because no one remembers except old people. The cycle is too long and memories are too short.
This time it will be different, etc... Banks too big to fail, tech stocks are "different", always the next "big thing" that is going to rewrite economic theory. Maybe in the short term, but never in the long term.
Like the song says, "and the beat goes on".
This… is why I say that we are the frogs. National average price was $2.11/gallon in November 2020. My local price was $1.69 that same month. Three months after that I was already paying over $4/gallon. Fast forward 3.5 years and our minds lead us to believe that $3/gallon is “cheap”.
The law of supply and demand is a big factor too-a limited supply due to COVID, and too much stimulus/spending driving up demand. Until the excess cash dries up & the customers are tapped out…
