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Economy

Warpy

(113,131 posts)

2. Hasn't it dawned on them yet that they're dealing with a monopolistic system?

Reply to sl8 (Original post)

Wed Jun 12, 2024, 01:28 PM

Jun 2024

All these rate hikes are doing is throwing people out of work. Monopolies and near monopolies have just kept raising their prices to increase the cash flow needed to buy back stocks, goosing the price and making the guys at the top richer.

One thing Congress has to do is get off its dead fiscally conservative ass and ban stock buybacks. Legalizing them turned into a racket very quickly.

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Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation [View all] sl8 Jun 2024 OP

Someone should tell them... Think. Again. Jun 2024 #1

Hasn't it dawned on them yet that they're dealing with a monopolistic system? Warpy Jun 2024 #2