Nestle CEO warns customers that inflation is not going anywhere

Discussion in 'Current Events' started by sec, Oct 19, 2022.

  1. sec

    sec Well-Known Member

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    https://www.foxbusiness.com/economy/nestle-ceo-warns-customers-inflation-not-going-anywhere

    HYPERLINK has full article

    snip

    Nestle, the largest food manufacturer in the world, raised prices by 9.5% in the third quarter........

    The chief executive officer for Nestle, Mark Schneider, predicted inflation will continue to be a problem for consumers as the economy moves into 2023.


    "This is a situation no one wished for," Schneider told Bloomberg. "We are seeing huge upward pressure on energy, some of the agricultural commodities and also transportation costs."


    end snip

    I would say that the CEO of the largest food producer in the world would have a good idea on inflation. Please note how the catalyst is all about fossil fuels.

    It's high time we in the USA put a stop to the nonsense that has been happening since Jan 2021. Full Democrat control has helped nobody
     
  2. Zorro

    Zorro Well-Known Member

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    drluggit, sec and James California like this.
  3. Moolk

    Moolk Banned

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    The democrat born recession absolutely is here to stay. It’s unfortunate but make good decisions to protect your money as it’s more necessary now than ever.
     
  4. sec

    sec Well-Known Member

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    attack fossil fuel and what outcome was expected other than a train wreck? Either the Democrat party is completely incompetent or have a nefarious objective.

    Which is worse?
     
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  5. doombug

    doombug Well-Known Member

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    Biden and the democrats have done a good job of crashing the economy.

    Jimmy Carter:"I am going to screw up the economy."

    Joe Biden: "Hold my beer."
     
    Last edited: Oct 20, 2022
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  6. Irrational thinker

    Irrational thinker Well-Known Member

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    They want people to buy an electric but making sure the people who want to buy one can not afford to buy one. The Bidenista regime was banking on that if gas prices are extremely high, people will switch but cluelessly not calculating other variables before saying let's kill the fossil fuel industry.
     
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