https://www.theguardian.com/commenti...sing-inflation
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That begs the question, when have firms ever not been greedy? Is the article suggesting that somehow firms were less profit motivated than previously? How is collusion across all sectors possible, after all it would only take one company to undercut prices in their given sector to bring the price back down in their given market?
Perhaps there is a more logical answer to inflation, like an expansion of the money supply?
"Corporate greed" has always existed. I ask you if times of inflation are a result of corporations becoming more greedy, then are times of deflation a result of corporations becoming less greedy? It is a simple fact that firms in a majority of cases operate in competitive markets, where they must price their goods/services competitively with each other. I find the idea of firms colluding at such enormous scales absurd, but even if some firms were able to collude to change the market price it would just result in more firms entering the market and therefore the price falling back to its natural equilibrium.
I found very interesting article.https://www.rba.gov.au/education/res...inflation.html
NZ economy: Recession tipped to be twice as deep as earlier forecasts - ASB
https://www.nzherald.co.nz/nz/nz-eco...MQRQM7V247EQA/
Mortgage demand drops as property market slumps further
https://www.nzherald.co.nz/business/...NBDN4ALMWOICQ/
the above obviously has implications for certain sectors and stocks in time
anyway i see US markets still range trading .... last mth. volitility prop pick up on the break
Interesting with all this talk of recession that the NZX50 is up around 11% ytd. I had my Kiwi Saver in an aggressive fund after last year's sell off which has done pretty well. I have just switched it to cash.