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Well I can’t actually read the study behind their paywall but I can tell you unless these so-called “scientists” got companies to open their books, they don’t k

Well I can’t actually read the study behind their paywall but I can tell you unless these so-called “scientists” got companies to open their books, they don’t know shit. And are also if ignoring the fact that every product or service requires energy, and energy prices are on the rise.

dlp211 3y ago
WTI crude has fallen for 7 weeks straight. NatGas futures have been in an unbelievable steady state at around $2.50-2.75 after coming down from pandemic highs. Why do you all insist on making shit up?
- astrange 3y ago
  This is true but inflation isn't happening right now either, it mostly already happened. There were a lot of other supply interruptions; one is Ukraine produces a lot of wheat, but also neon gas, which is needed for computer chip fabs.
- CodeWriter23 3y ago
  146 > 7 and have not yet settled back to Jan 2021 levels and won’t until Trump is re-elected.
xcv123 3y ago
> unless these so-called “scientists” got companies to open their books, they don’t know shit Public companies. Publicly available information.
didibus 3y ago
This is the study link: https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf https://www.ippr.org/files/2023-12/1701878131_inflation-prof... > And are also if ignoring the fact that every product or service requires energy, and energy prices are on the rise The study tackles this head on. It mentions that the rise in energy prices due to the invasion of Ukraine is one of the initial triggers of high inflation, but that market power held by some corporations in certain sectors, including energy, amplified the inflationary effects of these initial triggers. Resulting in price increases peaking higher and remaining more persistent than they would have been in a market with less corporate market power. Basically, it says there shouldn't have been this much inflation, but it got amplified because of lack of competition, and of being able to justify price hikes due to customers expecting there to be inflation. They talk about the energy sector specifically, and how their costs did not increase, but they found themselves in a position of market dominance, where they could raise prices above their increase in cost and get away with it.
- deleted 3y ago
  [deleted]

dlp211 3y ago

WTI crude has fallen for 7 weeks straight. NatGas futures have been in an unbelievable steady state at around $2.50-2.75 after coming down from pandemic highs. Why do you all insist on making shit up?

astrange 3y ago
This is true but inflation isn't happening right now either, it mostly already happened. There were a lot of other supply interruptions; one is Ukraine produces a lot of wheat, but also neon gas, which is needed for computer chip fabs.
CodeWriter23 3y ago
146 > 7 and have not yet settled back to Jan 2021 levels and won’t until Trump is re-elected.

xcv123 3y ago

> unless these so-called “scientists” got companies to open their books, they don’t know shit Public companies. Publicly available information.

didibus 3y ago

This is the study link: https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf https://www.ippr.org/files/2023-12/1701878131_inflation-prof... > And are also if ignoring the fact that every product or service requires energy, and energy prices are on the rise The study tackles this head on. It mentions that the rise in energy prices due to the invasion of Ukraine is one of the initial triggers of high inflation, but that market power held by some corporations in certain sectors, including energy, amplified the inflationary effects of these initial triggers. Resulting in price increases peaking higher and remaining more persistent than they would have been in a market with less corporate market power. Basically, it says there shouldn't have been this much inflation, but it got amplified because of lack of competition, and of being able to justify price hikes due to customers expecting there to be inflation. They talk about the energy sector specifically, and how their costs did not increase, but they found themselves in a position of market dominance, where they could raise prices above their increase in cost and get away with it.

deleted 3y ago
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