The idea that full costs were being passed on was foolish. For 6 months, the PPI and CPI did not match. It was evident input costs were exceeding output.

This will eventually echo through the economy. Somewhere along the line we see someone put their foot down. In this case, it is the consumer (end user) who is saying no to much of the discretionary spending.

It is going to affect those industries in a big way. This is where we see the next phase, layoffs start.

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