Is There a Second Order Inflation?

RBA releases that I think was Tuesday and coming profit is up 10% and wages up 2%. The usual suspects said, ah-hah, see, businesses are causing inflation. It's those greedy bastards in business, right? Well, wages were plus two. And funnily enough, I didn't see those people say, oh, those poor businesses, they're losing money. Or isn't it great how those businesses are dropping prices to make sure that inflation is in the problem? Scott P: Neither one of them is right. We might absolutely see a correlation or even an causal link between profits and wage increases over time. But when you get some preconception with a position