Major corporations are crying that they MUST pass on higher prices to consumers as their own costs for labor and raw materials are rising…
However…
It has come to light that these same corporations are passing on higher prices to consumers WAY over and above what it costs them for rising labor and raw materials costs.
In other words, we are getting screwed… again.
Of course. Just like the insurance companies did when ObummerCare became law. They did what they had been trying to do for decades. Find a reason to raise their rates, raise deductibles, limit coverage, and blame anyone but themselves.
What’s happening now is just the same old play.
And in the end, it’s all facilitated by a government that literally and figuratively hates you.
Update on SPY puts you bought?