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Supply chain problems-driven price craziness
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<blockquote data-quote="Raingull" data-source="post: 2734382" data-attributes="member: 125008"><p>Easy enough to tell with publicly traded companies. Harder for private companies. Consumer debt is up, defaults up, economy tanking across many segments, commercial freight slowing etc... Now look at corporate profits. Shell for instance doubled their profits year over year, all the oil companies are like that. Record profits means that their record margin is priced into the product.</p><p></p><p>The idea that there is no demand is just demonstrably foolish. Record gun sales. Record ongoing shortages with more than necessary price hikes. Hodgdon and all its underlings are just doing what OPEC does which is just a calculation of profit on the markup vs on volume. Right now they are quite happy riding the markup driven by perpetual shortages. Same reason big oil blamed refineries (and many suspicious refinery fires) yet stated unequivocally they had no incentive to open more refinery capacity.</p><p></p><p>The short answer is that our regulatory agencies bear a remarkable resemblance to three famous monkeys.</p></blockquote><p></p>
[QUOTE="Raingull, post: 2734382, member: 125008"] Easy enough to tell with publicly traded companies. Harder for private companies. Consumer debt is up, defaults up, economy tanking across many segments, commercial freight slowing etc... Now look at corporate profits. Shell for instance doubled their profits year over year, all the oil companies are like that. Record profits means that their record margin is priced into the product. The idea that there is no demand is just demonstrably foolish. Record gun sales. Record ongoing shortages with more than necessary price hikes. Hodgdon and all its underlings are just doing what OPEC does which is just a calculation of profit on the markup vs on volume. Right now they are quite happy riding the markup driven by perpetual shortages. Same reason big oil blamed refineries (and many suspicious refinery fires) yet stated unequivocally they had no incentive to open more refinery capacity. The short answer is that our regulatory agencies bear a remarkable resemblance to three famous monkeys. [/QUOTE]
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