General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'It's really simple': Billionaire Mark Cuban explains 'why inflation isn't up'
Story by David McAfee
Billionaire Mark Cuban on Sunday released what he deems an explanation for why "inflation isn't up."
Cuban, who has clashed with Trump as the world leader embraced the richest man in the world and Cuban's rival, Elon Musk, earlier this year released a political analysis on the "thing to understand about Donald Trump."
Now, Cuban is putting his CEO hat on to explain inflation.
Taking to X, Cuban wrote, "Lets talk about why inflation isnt up, as economists predicted."
He continued:
"Its really simple. I see it in all my product based companies... They borrow money or use their available cash to front run the tariffs and buy as much inventory as they can," he said, noting that time period is "3, 6 months or longer." "In many cases they get a better price because the [manufacturer] knows the risks post tariffs."
Secondly, according to Cuban, "That cash is expensive."
"They either lose the ability to earn interest, (4pct) the ability to invest in other parts of their biz or they pay interest on a loan (10 to 20 pct)."
More at link and he explains why prices will go up in several months:
https://www.msn.com/en-us/money/savingandinvesting/it-s-really-simple-billionaire-mark-cuban-explains-why-inflation-isn-t-up/ar-AA1FTLNi?ocid=winp2fptaskbar&cvid=a771f67e77c6459ae9a3a929c88bb7ff&ei=9
BaronChocula
(4,042 posts)about 50 bucks today. Luckily I really don't need it and it's convincing me not to buy it.
DFW
(59,746 posts)If it was something that cost $9.99, then a $50 price hike is drastic. If it was something that cost $15,999.00 then an extra $50 is nothing. Its the percentage of the increase that puts the price increase into perspective, not the net amount.
it wasn't "nothing" to me. And no, it wasn't "$15,999.00."
modrepub
(3,998 posts)Business and the Market still seem to be operating under the impression that Trump isn't actually going to do what he says (TACO). At some point, the current/past supply chains are going to break down under Trump's mercurial policies. Price hikes will be the least of business worries; shortages are more likely.