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<blockquote data-quote="Box Ox" data-source="post: 4845984" data-attributes="member: 48469"><p>"The government’s pumping of money into the economy through recent stimulus packages has also given retailers more room to raise prices. People who have received unemployment benefits or stimulus checks are able to spend that money on consumer goods like toilet paper and diapers.</p><p></p><p>Many of those who have kept their jobs during the pandemic also have been able to increase their savings. That means they have disposable income to spend on more expensive items like printers or desks for working at home, or on luxuries like televisions, hot tubs or kitchen remodels.</p><p></p><p>“Right now, demand is fiscally stimulated and very strong,” said Gregory Daco, chief U.S. economist for the firm Oxford Economics. “So even if you raise your prices, you’re not necessarily going to lose market share, because most other producers are doing the same thing and because people have the means to buy.”</p></blockquote><p></p>
[QUOTE="Box Ox, post: 4845984, member: 48469"] "The government’s pumping of money into the economy through recent stimulus packages has also given retailers more room to raise prices. People who have received unemployment benefits or stimulus checks are able to spend that money on consumer goods like toilet paper and diapers. Many of those who have kept their jobs during the pandemic also have been able to increase their savings. That means they have disposable income to spend on more expensive items like printers or desks for working at home, or on luxuries like televisions, hot tubs or kitchen remodels. “Right now, demand is fiscally stimulated and very strong,” said Gregory Daco, chief U.S. economist for the firm Oxford Economics. “So even if you raise your prices, you’re not necessarily going to lose market share, because most other producers are doing the same thing and because people have the means to buy.” [/QUOTE]
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