OK. So you admit that Apple had a bad quarter last quarter. Good. We're making progress. Even better, you admit that we are seeing the beginnings of inflation:
My take, and unlike you, I admit I could be wrong, is that there is wage pressure creeping in. - RW
Exactly. I've been saying that you can't expand the money supply like the Fed has done without see inflation. We're already seeing it all around us, unacknowledged of course by the Fed. But at least you admit it. And this is just the beginning. When companies see input prices rise, it means margin compression, with all the attendant consequences: lower earnings, decreasing stock prices, fewer jobs, lower taxes, higher deficits, etc.
What's funny is that you make my points for me and then deny those very points when I say them. Sheesh. Now that's biased. |
