I mean, are there companies who are benefiting from inflation and able to lift prices under it as a guise? I’m sure there are.
Are there publicly traded, highly scrutinized and audited organizations hiking prices under a false flag of inflation while their costs are the same or decreasing (leading to profit growth)? What industry would those conditions even exist? Looking at what is driving inflation on those charts it’s Energy and Cars, right? So let’s take a quick look at leaders in O&G and Auto categories:
Exxon in 2020: lost ~24bn
Exxon in 2021: profit ~24bn
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Jim Farley (CEO of Ford) whose stock price is/was recently the highest it’s ever been in the storied history of Ford, has repeatedly and on record threatened dealerships who price gouge and take advantage of inflation and choked supply with being cut off from Ford inventory.
But let’s tweet that big business makes a lot of money in volume and their percentages YoY are up because coming out of the worst of Covid because it’s politically provocative.