John Catsimatidis Quotes

I just get the same stuff as I did before, but the price tag is much higher.

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

The way prices are rising, the good old days are last week.

Rising prices of essential commodities has affected the day-to-day life of people of this country.

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

Certainly, we are hurt by the high fuel prices because it raises our cost.

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole and do not constitute deflation.

With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.

With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.

Expenditures have to keep rising to keep up with the population [growth].

Prices of every thing depend on the proportion between commodities and money, and that any considerable alteration on either has the same effect, either of heightening or lowering the price.

Blankets, that used to sell for $6, are now $25 per pair; and sheets are selling for $15 per pair, which might have been had a year ago for $4 …. Wood is selling at $16 per cord, and coal at $9 per load. How can we live here, unless our salaries are increased? The matter is under consideration by Congress, and we hope for favorable action. -

I'm a small businessman and I'm well aware of the uncertainties of the economy, exactly what the 'inflationary spiral' means when I'm forced to raise prices to my customers, and how taxes can eat into your earnings.

When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms.

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.

The exchangeable value of all commodities, rises as the difficulties of their production increase.

I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.

Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.

We're creating new supply for the world, which is key. If we didn't get more tonnes into the system, your next motorcar is going to cost more because the aluminum cost is going to be higher.

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.

The prices of raw materials do not fluctuate directly with the labour cost of producing them.

A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.