Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6956025615909085184
#Energy-#Utilities: Canary in the Coalmine: I’m not surprised to hear #consumers are paying #bills more slowly; they are already struggling with higher #food and #energy #prices… I’m not worried so much for AT&T as I am for the broader #consumer #economy. You wonder if this is the #canary in the #coal #mine.:
AT&T Inc. fell the most in 20 years after saying some #customers are starting to put off paying their #phone #bills, which contributed to the #wireless #carrier cutting its #forecast for #free #cashflow this year by $2 billion.
#Economic #Models: #Consumer #Behavior vs #Pricing #Power
Are other #dominoes going to fall soon too as in case of specific [government regulated] #Monopoly #Essential #Energy-#Utility #Sectors where there have been 100% #HundredPercent #price #hikes over recent years?
How #Elastic Are Those #Demand #Curves:
When #Essential Becomes #Discretionary:
The highest US #inflation in four decades has been squeezing #household #budgets everywhere from the #gaspump to the #grocery aisle. That has soured people’s view of the #economy and forced some to scale back entertainment and other #discretionary #spending. But #wireless has long been considered an #essential #service, even for low-income Americans.
AWS Partner-NYS Cloud VC-PE: Silicon Valley-Wall Street-Pentagon-Global Risk Management Network, LLC
