Quote:
Originally Posted by Rex Phinney
The market seems to think it can just somehow bypass the bad parts of a recession and just skip right to the recovery part.
Unemployment has to rise in order to fix inflation, as long as the work force has pressure for higher wages everything will cost more.
The other big story is that raising prices is now entrenched in the system, everyone is doing it. I'm a CPA who works with about 85 small businesses. All of them are raising their prices. As good businessmen they understand that everything around them costs more, and that the public basically expects to pay more now. If you aren't raising prices you are totally missing the boat.
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got to be a braking point somewhere, where people stop buying
