“William Meaney, the CEO of Iron Mountain (a data storage and management company with a current market capitalization of $12 billion) told Wall Street analysts in late September, high levels of inflation helped the company increase its margins — and that for that reason he had long been “doing my inflation dance praying for inflation.” A few years before, Meaney explained “I pray for inflation every day I come to work because … our top line is really driven by inflation. … Every point of inflation expands our margins.”
While the rest of us stand in the supermarket aisle gasping for breath at the price of food… among other places and other things.