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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (62898)	6/7/2006 12:47:11 AM
From: John Vosilla	Read Replies (2) of 110194

Some comments from the real world on inflation: << DuPont announced May 17 its intent to raise prices for a variety of its products. The company previously increased prices 5% in the fourth quarter and 3% in the first quarter. But the increases won't completely cover the higher costs. Raw material costs have risen 85% in four years and hit a record in the first quarter, the company says. "The cost increases have been so significant, so rapid and so sustained, you have a triple whammy," DuPont's Hodgson says. "There comes a point where you say, 'I just can't absorb it anymore.' ">> << Paraffin wax, an oil-based product, is one of the key ingredients in Crayola crayons. Paraffin costs have risen 60% since 2004 and are up 80% from five years ago, Crayola spokesman Eric Zebley says. >> <<Goodyear Tire and Rubber has raised tire prices five times, 5% to 6% each time, since the start of 2005 in response to the higher raw materials prices. >> usatoday.com If you don't want to pay more for the good or service maybe it wouldn't exist anymore? Supply, demand and profits work themselves out over time... <<"The consumer doesn't want to pay more for the end product," Duff says. "But at the end of the day, (the high cost of energy) gets pushed back to that consumer, whether they recognize it or not." >>

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