Quoted from iceman44:Over the last 18 months you think Gas, housing, food, lumber, other commodities etc have only risen 8.6%?
That measures the “rate of change”.
Put your house in zillow and check your zestimate. Think it only went up 8.6% over that period of time?
That’s how inflation works
I understand where you are coming from and why you don’t get it though.
Successful companies, with fortress balance sheets, free cash flow have pricing power to pass along the increases. Many don’t. Crypto companies are failing and laying off people right and left. Coinbase example. Netflix. Tesla. On and on
About to find out whether or not JJP has “pricing power”
The only thing I've seen increase by 8% is a bag of damn ice lol. Everything else is way up like you said.