Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,791
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Procter & Gamble PG, +0.31% tried a different tack. In lifting prices by 4%-5% for its Pampers, Puffs, Bounty and Charmin brands, P&G explained the moves were meant to “restore structural economics.” CFO Jon Moeller, noting P&G’s stature as a bellwether, said in late July he expected an echo effect as industry peers follow suit with their own increases.
That’s a classic play. When the Federal Reserve lifts its prime rate, every bank in the land quickly raises the interest it charges borrowers. The airlines jump on each other’s jetways whenever any of them hikes fares, and oil majors fall in line the moment one strikes a higher price at the pump. It may seem like collusion, but it’s Moeller’s “structural economics” at work, otherwise k
https://www.marketwatch.com/story/h...-raise-my-press-relations-fees-2018-08-20nown as No Company Left Behind the Bandwagon.
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Prices never come back down. Got to make those earnings sound good. Necessities.
That’s a classic play. When the Federal Reserve lifts its prime rate, every bank in the land quickly raises the interest it charges borrowers. The airlines jump on each other’s jetways whenever any of them hikes fares, and oil majors fall in line the moment one strikes a higher price at the pump. It may seem like collusion, but it’s Moeller’s “structural economics” at work, otherwise k
https://www.marketwatch.com/story/h...-raise-my-press-relations-fees-2018-08-20nown as No Company Left Behind the Bandwagon.
--------------------------------------------------------------
Prices never come back down. Got to make those earnings sound good. Necessities.