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#12 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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I don't think so. Retailers were ordering more stock to hedge against further price increases. They can't make money stockpiling more than they think they will sell unless the price keeps climbing. So if they think it will keep going up, they buy to their storage capacity, betting the increased value of their holdings will make more, than the money would make invested elsewhere.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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