Listened to a podcast today where a very
respected fund manager was asked whether the
supermarkets were price gouging.
I have substantial money invested with this
manager , regard his opinion highly and he
has a degree in finance and economics.
His response was, “ considering the modest
after tax margins it is very hard to argue that
the supermarkets are price gouging. If margins
and profits are squeezed it would lead to a
withdrawal of capital and less investment in
vital supply chain infrastructure which will
ultimately lead to higher prices “
The supermarkets are purely whipping boys for
the uneducated and angry masses.
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