Prices Going “Up, Up, Up”: Why Costs Keep Rising — And It’s Not Just Inflation
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Great song by the Rolling Stones about the 1970s New York shattered. It’s got a line in it. Don’t you know the crime rates going up, up, up, up, up talking about New York City in the 70s? Well, we can change the lyrics a little bit and the prices for all of us are going up, up, up, up, After basically holding a line for the past several months, companies big and small have begun a new round of increases.
some cases by high single digit percentage points. Latest story today talking about this in the journal. Again, companies typically raise prices at the start of a new year, increases stronger than normal for January in electronics, appliances, and other durable goods. Some companies have said it’s tariffs, others, this is small businesses saying we’ve got higher labor costs.
higher labor costs, health insurance costs, and again, that’s not something you could share with your suppliers. Prices on the most affordable imported goods are up by 2.3 % since dipping at the end of November. The Adobe Digital Price Index found that online prices posted their largest monthly increase in a dozen years in January. These are higher priced, again, for electronics, computers, appliances, furniture.
and betting and I can go through a litany of various different examples now.
Companies, again, your costs are gonna go up, they’re going to have to raise prices, they’re gonna try to pass things on as best they possibly can on to the consumer. Again, there’s limits to that, obviously. Consumers are gonna only spend so much. this is, you wanna call this inflation.
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Not really. Okay, and again, this is one of the things that people fail to understand is that inflation is a monetary issue. When it comes to tariffs, that’s a tax issue. Tariffs to tax on importers. What do importers do? They pass that cost on down to everybody else. Health insurance costs. Well, again, that’s a cost of doing business. Again.
in everything a business, all their costs are incurred and they have to price it in to their product. Again, this is some of the things that people oftentimes and it’s unfortunate they don’t teach this stuff in school. Some people understand it, some don’t. I’ve given the explanation here on the program when I talk about corporate taxes and you see all these liberals out there, corporate tax raise a corporate tax rate. Well, essentially,
That’s what Trump did. That’s what tariffs did. They were raising the corporate tax rate on people who import. That’s all it was. What are they going to do? They’re going to pass that cost on, that whatever cost they incur, they’re going to have to pass it on down to their customers. Corporate tax, they raise a corporate tax. What it is, it’s, know, corporation drives all of its income from the people that it sells stuff to or the services that they provide. So again, where does that money come from?
As prices continue to rise here in this country, we don’t deal with some of these issues. What do expect? mean, health care is obscene at this point in time. You know, had a little government shutdown about it not too long ago and it’s gone. And it’s gone. again, it’s, know, the politicians, they slow boil us.
They slow boil the American people in water. really are, know, know, frog, you put the frog in water, slowly turn up the heat and eventually, you know, doesn’t realize that it’s just, you know, it’s dead. That’s what they do. Nothing really done. Again, we’ve had a little bit in regards to bringing some of the, you know, drug costs down, whatever it may be. But as far as health insurance, healthcare, it’s obscene.
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It’s obscene. Again, need to start allowing or allow it to go back to the way things were. know, again, high deductible health insurance, coupled with health savings accounts that are not, you know, burdened with all sorts of nonsensical, you know, have to have this, have to cover this, you know, buying insurance for what you want, what you want to pay for. lot of things that could be done, they just they’re not willing.
do them. And it’s that the nefarious relationship in two, but anytime the costs are going up, we did a podcast talking about electricity costs. Again, people live in the state high, you electricity costs states going through the roof like Ohio or Virginia, for instance, well, guess what the businesses they’re paying higher electricity costs, what are they going to do pass it on down to their customers? That’s not inflation.
That’s not inflation, prices are going up, but it’s something a little bit different. Watchdog on wallstreet.com.
