Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
What To Expect From The September FOMC Meeting
Obviously, the Fed intends to keep rates on hold at this week's policy gathering.
Several officials
“key point: A lot of the price increases seen during 2021 and 2022 are still in the damn price and will remain so forever”
This has been on my mind lately. I’m starting to get the sense we’re on the verge of a wage-price spiral. UPS drivers total comp of $170k. Auto workers turning down a 40% pay increase. All warranted as labor has been essentially frozen out of the wealth gains for the past 4 decades. Yes, unions are a small portion of total labor, but we’re in a pretty severe labor shortage and non-labor employees are likely started to think maybe they should be looking for more. Maybe barely staving of a life of poverty isn’t enough.
A quick Google search says that the profit margin on the iPhone 14 pro max is 119%. It would absolutely be possible for Apple to assemble the iPhone in California and still make a profit, but it would be much less profit.