hmmm maybe! guess we find out how good companies are at forecasting :o)https://twitter.com/ClosedCurves/status/1450686006135508994?t=qdLYWeWId54Eu6MIZ5Y8yQ&s=19 …
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semi-related, this has made me realize that while economists have been concerned about downward sticky wages->unemployment in the context of deflation for forever, inflation seems to lead to upward sticky prices->shortages as well
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y u p same sneaking suspicion
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Can you expand for the Econ dum-dums among us?
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basically its costly to companies to change prices of things regularly, and they tend not to do it and instead sell out of goods when they can't buy more instead of raising prices (we are seeing the latter for sure)
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simple model of sticky prices + the question of: will the kinks work themselves out faster than the prices can adjust? if yes prices don't go up, if no prices go up and eventually drift back down
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>eventually drift back down in the long run etc
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@eigenrobot This is actually an indicator of the opposite -- if companies expected to raise their prices in a few months, they already would have. The fact that they're accepting shortages instead implies that they don't want to raise and then lower these pricesThanks. Twitter will use this to make your timeline better. UndoUndo
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