In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits.
“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” Edwards wrote. “This is a big issue for policymakers that simply cannot be ignored any longer.”
But the trillion dollar company told me times were tough for them and their billionaire ceo. I should trust them, they know everything about me and have no reason to decieve me
“Times are tough” = everything from “1 week til collapse” to “might not meet our growth stretch targets, that trigger my massive bonus”