Comment by garbagecoder

So am I wrong to deduce from recent news that basically they’re just raising rates until consumers cry uncle and THAT makes prices go down? I dunno, these recent headlines are implying a huge market failure, because like you know… shouldn’t competition do it’s magic? Is there so much oligopoly pricing that this is happening? And if so, shouldn’t that be addressed directly? I’m not at all ashamed to say I do not understand the economy post COVID.