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America’s latest inflation wave is all about corporations ‘using excuses’ and ‘cover’ to increase profits, says top UBS economist (fortune.com)

submitted 1 year ago by [email protected] to c/[email protected]

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“We’re seeing this expansion of margin under the cover of, ‘Oh, it’s a general inflation problem, we can’t help it,’ Paul Donovan of UBS said Thursday.

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[–] Reddevilegg 1 points 1 year ago

Why does profit need to increase as a percentage? If prices were only raised to $120 you'd still he making the same amount of profit