Australian (ASX) Stock Market Forum

Inflation

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NRGU & GUSH the only ones in the green, FNGU now down to 165 after peaking at 225 all of a few days back.
 
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XJO and AUD down another 0.35% in response. I'm going to be having a chat with my parents about their pension/investments tonight.
 
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Literally *everything* slaughtered except china 10 year (which is not a good thing from a recession perspective).

XJO now -0.9. Lol. More china data coming out tomorrow. U.S futures all deep into the red too.

Natural gas is up 0.4% ;)
 
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Everyday Aussies are struggling as big corporates claim to be facing higher costs, yet still manage to post massive profits.

Welcome to Greedflation.

Greedflation describes the situation when businesses use rising costs as an excuse to increase prices, rather than absorbing at least some of the additional costs themselves.

Banks, Insurers, Airlines and Telecoms are among those guilty of this type of price gouging.

 
Telamelo said:
Everyday Aussies are struggling as big corporates claim to be facing higher costs, yet still manage to post massive profits.

Welcome to Greedflation.

Greedflation describes the situation when businesses use rising costs as an excuse to increase prices, rather than absorbing at least some of the additional costs themselves.

Banks, Insurers, Airlines and Telecoms are among those guilty of this type of price gouging.

Click to expand...
Absurdly, the more they do this, the more tax revenue the government brings in.
 
Telamelo said:
Everyday Aussies are struggling as big corporates claim to be facing higher costs, yet still manage to post massive profits.

Welcome to Greedflation.

Greedflation describes the situation when businesses use rising costs as an excuse to increase prices, rather than absorbing at least some of the additional costs themselves.

Banks, Insurers, Airlines and Telecoms are among those guilty of this type of price gouging.

Click to expand...
 

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