10.18.2005

CNN Money is Wrong Again

CNN Money, in the above link, is speculating whether it is the US consumer that will be paying higher prices, or Corporate America who will accept lower profit margins.

What do you think?

My little dumplings will remember the blood feud Econo-Girl has going on with CNN Money. Their business coverage is one dimensional and conventional, all at the same time. Of course, CNN Money committed to nothing, with an analysis of "it could be this, it could be that, and we don't know."

Nor will they hazard a guess it seems.

Econo-Girl is happy to step into the void. Prices will rise on core necessities, increasing the Consumer Price Index and the Producer Price Index. Prices on non-core items will rise slightly but quality compromises will be made to reduce the costs of production/getting it to market.

2 comments:

The Lazy Iguana said...

So CNN money is worthless as tits on a boar hog huh?

Everyone knows that there is a limit to how much business can trim profit margins. Of course prices will rise.

Also lets not forget the one thing Adam Smith did get right - man is self interested and greedy.

The Lazy One is happy he finally landed the County job. Every year, I get a pay adjustment that is tied into the CPI and inflation. Of course, property tax increases pay for my pay raise every year, so who knows if I am really getting a deal here.

Econo-Girl said...

What your getting is security. Not wealth, but security. That's worth a lot.