2. Why did prices for pretty much everything go up the week, or two, after the media started talking about the war, supply chain problems, and government spending?
Prices were pretty steady during Covid, at least on food, and gas, and most consumer products, except building materials, and appliances.
I personally think corporations used the war, and Covid, to raise prices seemingly overnight. My Chevron station went from $4.29 to $6.25 in a day.
These companies made record profits during Covid, but poof in a couple of weeks just blew up their pricing?
I think they used found a few good excuses to raise prices; and they all fell in line.
Kinda like my $5.49 rebate on my $800/yr. insurance policy at the beginning of Covid. Mercury by the way, and they used to be fair.
Yea, I was uncomfortable with Powell throwing money at the stock market, and buying all those mortgage backed securities, when housing and the stock market thrived during Covid. His response was, 'I kept my agreement with the financial sector.'
Weird times for sure.