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GAP gets squeezed by inflation.

May 19, 2011 9:33 PM ET
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Seeking Alpha Analyst Since 2006

As a former Vice President of Constellation Energy and senior strategist of a major mortgage company, I have across the board experience in major markets from power and gas to interest rate derivatives, mortgages, and commercial paper. Opinions, rantings, and ravings are purely my own.
Spiraling costs that can't be passed on to consumers.

Which illustrates a good point: with high unemployment and high raw inputs prices, we are far more likely to see corporate profits get squeezed than spiraling inflation.

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