[vinyl7]

I wonder how much of it is business strategy and how much of it is just how the economy has been moving over the past several years. Between every other car on the road where I live being a tesla and housing almost doubling in price, maybe companies are raising prices because a lot of people have that kind of money?

And it makes sense, interest rates have been 0...tech company valuations are absurd, with insane tech salaries and RSUs...the stock market reaching all-time high in 2020. People gambling money on crypto, NFTs, wallstreebets, etc. It feels like the economy has been in turbo mode and it reached a peak where people had so much money that they were willing to put it into beanie babies and tulips because they had nothing else to do with it.

Businesses are going to keep raising prices until their numbers start to go down. Despite the inflation we've been seeing, people are still spending money [1].

I think it's easy to blame business strategy, but I think it's worth looking at other economic factors that are causing business strategy...like the decade of free money due to the never-ending QE policy of the fed.

Eventually we'll run out of other people's money and we'll enter a recession. Or we'll just enter into a period of extreme class divide where the middle class doesn't exist anymore...there's either extremely wealthy or poverty.

[1] https://www.cnbc.com/2023/02/15/retail-sales-january-2023-.h...