"...we'll take as much pricing as we think the consumer can absorb."

[kpete]

Inflation?
More like - Disaster Capitalist Price Gouging.

As you read today's inflation report, pay close attention to what the CEOswho set prices are saying. We got our hands on the latest batch of earnings reports, and it's a doozy. They're literally bragging about hiking prices while hiding behind "inflation." The receipts...(1/7)

I have steam coming out of my ears over this one.

Constellation's (Modelo, Corona) Q4 earnings call:

CFO "We want to make sure that we're not leaving any pricing on the table. We want to take as much as we can...we'll take as much pricing as we think the consumer can absorb."

Link to tweet

?s=20&t=etlHat2bpM1HmIQEdHqa2Q

Link to tweet

?s=20&t=etlHat2bpM1HmIQEdHqa2Q

[PortTack]

1. Consumers..are you listening..stop buying any and all unnecessary items

[brooklynite]

6. Or not...

Nobody stopping consumers from not buying most items.

[PortTack]

9. My point is the consumer has the power to bring prices of merchandise down by simply not buying stuf

[brooklynite]

10. ...and they're choosing not to exercise that power.

Welcome to the consumer economy.

[PortTack]

11. I get that. Not everyone.

[global1]

2. Companies Saw The Stimulus Money The American People Received In The Midst Of A Pandemic.....

and they saw dollar signs.

How can we get our hands on all that free money that the American consumers now have?

So they created supply problems so they could justify raising prices.

Hence inflation.

You can't blame Biden for this. It is the corporations and big business wanting to get ther hands in the back pockets of the American People.

[luvs2sing]

3. We've given up most snack and convenience foods.

That’s where the price hikes seem to be targeted. I’m researching making my own yogurt since the brand Hubster likes has gone up over a dollar in the last month. Today, canned beans are up $.20, so I’ll be buying dried beans to cook and freeze in 2c portions. We don’t notice big jumps in meat (except for bacon), dairy, or fresh produce or most staple items. It’s stuff like canned soup, frozen entrees, chips and cookies. Stuff we can do without anyway.

We shop at several stores, and I obsessively compare prices before I shop. If store A used to have an item at a certain price that was lower than store B, and they raise the price equal to store B, I’ll buy the item at store B, then write to store A and tell them I didn’t buy it there because they raised the price.

[SheilaAnn]

4. Went to Publix yesterday and saw a nice sized bowl of fresh fruit, varied. $8.94...Woman next to me

couldn't believe it when I showed it to her.

[brooklynite]

5. Feel free to set up a socialist cooperative to provide consumer products...

Price controls are not a solid approach to economic policy.

[uponit7771]

7. NO NO NO !! Some here think its just supply chain price increases and other bullshit not record ...

... profit margins... those don't exist and shit

[Zeitghost]

8. More money...

More money + plus less goods = inflation. Firms always maximize profit, that has never changed it is literally what they are designed to do. Greed is a constant not a variable.