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applegrove

(118,595 posts)
2. And a certain percentage of that interest rate hike is caused by gouging.
Sun Mar 19, 2023, 06:20 PM
Mar 2023

If ceos were not gouging that might have lowered interest rates because of reduced inflation. Even 1% would make a difference. Instead the CEOs were outraged workers were asking for better wages and piled on inflation and made record profits. IMHO Worker wages were only 30% of inflation or so. Supply chain was part of it too. So too corporate price gouging (including energy). Other thing too but I can't remember it. Jon Stewart mentioned them in his interview of Summers.

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