Independent thinking for complex markets and current events
via moneymetals Some myths are stubbornly persistent. Count the greedflation myth among them. A recent poll conducted by Navigator indicates a notable uptick in the number of people attributing inflation to corporate greed. That’s worrisome: public opinion eventually becomes public policy. Senators Warren, Casey, and Baldwin are again pushing for executive powers to “crack down” on what they see …
A McDonald’s outlet has come under fire for charging nearly $18 for a Big Mac meal – after the firm was accused of ‘greedflation.’ The Connecticut restaurant, located by a popular interstate, drew attention for its inflated menu prices – with other burger meals also listed for the same cost. Diner Sam Learner wrote on …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally observed in consumer services, but some retailers noted shifts away from discretionary spending. Tourism and …