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Open original source ↗Margin squeeze is everywhere a corporate phenomenon.
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@simon_ree Cost push inflation is a myth. Try using prices received using the regional Fed surveys, it’s better but incomplete. Inflation is always and everywhere a fiscal phenomenon that the central bank is expected to clean up. If government spending growth is faster than nominal GDP (its half right now) and transfer payments are rising as a percent of disposable income (they are flat) the costs can get passed through. 3Q estimates for staples and discretionary are 1% earnings growth on 5+% revenue growth, in other words they are absorbing higher COGS in margins. Target just cut prices on 2000 home goods last week, case in point.
barryknapp ↗