Corporations can blame themselves for the recent consumer boycott. They have been inflating prices well beyond the usual norms and telling us how energy costs forced their hand. What is the excuse now with oil prices at $50? Cash flows for paying off the credit more important then earnings through reasonable margins and moderate growth?
I still hear GOP executives tauting the voodoo of lower taxes yet I don't see them lowering prices on the goods and services they sell to the taxpayer. Even sadder, quality went out the door last century.
Where is the outrage?
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1 comment:
Small local retailers have lowered prices; this continues to signify the deflationary environment.
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