Kroger CEO Confession on Inflation
- Thread starter TC Nole OX
- Start date
This was obvious, but glad there’s a CEO now on record.
I’m going to guess that most people aren’t too surprised by this.
People demanding a raise in minimum wage of course.
Seeking to earn a profit is something that people "confess" to?
It's the entire point of running a for-profit business.
It's the entire point of running a for-profit business.
So you don’t think Biden is at all responsible for inflation?
You don't see a difference between gouging customers because of inflation when it isn't really inflation? You have to be playing a character. I see you as Dwight Shrute.
Inflation is the devaluation of the dollar which makes everything cost more. It's not measured by increases in prices for certain products or services, it's measured by an increase in the supply money chasing a static or falling supply of good and services.
This word... "gouging".... it doesn't mean what you think it means.
Yes it does. Companies were prioritizing their investors. I get that. The oil industry is a prime example.
This would be a great point IF the inflation were ONLY hitting the US dollar.
However, the USD exchange rate has been mostly flat vs other international currencies.
Which means the inflation we are seeing has nothing to do with "dollar devaluation" here; it is market-based problems arising from pandemic supply chain recovery, compounded with a major war in Europe.
Dollar vs other top currencies 2001-2024 | Statista
A dollar vs 10 other world currencies graph reveals the U.S. dollar weakened somewhat in early 2023, although it remained relatively strong.
www.statista.com
U.S. inflation roller coaster prompts fresh look at long-ignored money supply
The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some economists believe bolsters the case for U.S. inflation pressures continuing to abate.
www.reuters.com
So the Kroger CEO is saying it's not inflation driving at least some of the price increase. What do you call it?
Reverse Robinhood
Kinky. That’s my fetish.
Charging what the market will bear.
BTW, "gouging" is having a product that no one else has due to a unique situation and charging exorbitant increases. Drug companies absolutely do that.
Charging a little more for the generic Corn Flakes because Kellogg's raised prices on the real stuff is not gouging.
A true believer. If they keep pushing it I may get to see some of my cool socialist things enacted and maybe even some regulations.
Semantics. Never go full Trad .. Trad.
Price gouging refers to when retailers and others take advantage of spikes in demand by charging exorbitant prices for necessities, often after a natural disaster or other state of emergency.
Now you can argue about the definition of "exorbitant" but they were absolutely taking advantage of an emergency to raise prices.
There's an "emergency" happening now?
Everyone is desperate for generic junk food?
Of course they are. But Biden. Get with the program Republican voters.
I’ve only reached this post but I assume I will see Republican board members dismiss this out of hand. Because Biden.
Then you should read it again. It disputes your point btw.
Only took to post 7. From a guy who blamed Biden for inflation.
Biden can't spend a dime without Congress. They are the ones who injected a firehose of money into the economy.
Ahhh...so the prices of basic foods aren't changing. That's good to know. Guess inflation is only hurting the fat people so I have nothing to worry about and if YOU'RE not a fattie stuffing your face with Twinkies you can STFU about it too.
Do you EVER stop to think about how stupid a post makes you sound before you post it?
It's the government's fault. He could have vetoed the spending bills.
Of course, much of that stupid spending was approved by Trump as well, so he's to blame, too.
Global inflation is the USA's fault?
