OT: Completely OT: Inflation

[Walter Vaughan]

John Esak wrote:

> We will be cutting back on everything, trying to economize everywhere and
> keep costs down. We just sent out an increase letter announcing that most of
> our basic prices are going up by 24 cents a pound!

I dunno. I've sent out letters like that, and received dozens over the years.
The older I get, the more I see them as letters of cowardice. If you can't look 
me in the eye (or ear), I'm not so sure you respect me as a customer, or think I 
am worthy of your time.

> Every plastic company is in the same boat as us,
Rubber has been increasing for years now in small percentages *every* month.

> My question is this. How is it that people (economists, pundits, everyone
> seemingly - except me) feels that there won't be immediate HUGE inflation
> everywhere. 

The WalMart/Lowes/HomeDepot effect.