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Phil Cook wrote:
> From what I recall profit-wise Tesco operates at about 4%, Sainsbury's
> at 3%, Asda at 2%, and Lidl etc. at 1%. That's overall of course some
> products are higher than others.
It would be interesting to know which items are their loss-leaders... ;-)
>> Also, I was under the impression that *all* food prices have gone up.
>
> While at the same time some supermarkets are advertising that they're
> lowering prices. Which as I believe I've mentioned elsewhere doesn't
> engender a feeling of warmth from me more so a query of why they
> couldn't do that when everything was 'cheaper'?
I just find it interesting that shops of all kinds are *always*
advertising that their prices are going down and down and down. So,
like, why didn't you do this sooner? (And besides, as far as *I* can
tell, the actual prices rise and fall more or less at random, and they
only advertise the ones that have fallen. I'm surprised that's legal...)
> To simplify things down it's about confidence or the lack thereof.
Heh, and I thought that only *I* had serious issues due to lack of
confidence. ;-)
> All the banks are cleaning house and
> ensuring they have enough liquid assets to cover their own arses because
> they can't trust anyone to provide them with loans.
I'm begining to wonder whether the banks' product is actually *money* or
just *confidence*. :-P
> Yes the recent fuel-tanker drivers strike demonstrates that nicely -
> petrol stations across the country had enough fuel to last it out until
> everyone decided to top up their tanks "just in case" and then acted
> smug when the stations did start to run out.
Does it worry anybody *else* here that when all the oil runs out in 10
years' time, the nations of the world are basically going to have a
global thermonuclear war over the rights to the last remaining few drops?
I mean, theoretically some alternative might be found. But let's face
it, do you invest years in R&D? Or do you just bomb the hell out of the
people who've got what you want? Gee, let me think...
I'm a little concerned that I'm likely to whitness the end of the world
in my own lifetime. :-(
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