Comments by "Jacob Watson" (@jacobwatson3781) on "Cerity Partners' Jim Lebenthal calls today's market moves 'idiotic'" video.

This is the problem with inflation that they do not address. Corporate profits have caused 54% of inflation and they do not want to admit it. When profits are this high why not keep prices up.
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@M S Why are grocery prices through the roof? Because just four companies control 85% of meat and poultry processing. Just one corporation sets the price for most of the nation’s seed corn. And two giant firms dominate consumer staples. All are raising prices and increasing profits because they can. Big pharma, comprising five giants, is causing drug prices to soar. The airline industry has gone from 12 carriers in 1980 to just four today, all rapidly raising ticket prices. Wall Street has consolidated into five giant banks, raking in record profits on the spreads between the interest they pay on deposits and what they charge on loans. Broadband is dominated by three giant cable companies, all raising their prices. Automobile dealers are enjoying record profits as they raise the retail prices of automobiles
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