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SamSpade

Joined: 09/01/1996 Posts: 5351
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According to Warren Buffet "We are seeing substantial inflation"...


"We are seeing substantial inflation," Berkshire Hathaway CEO Warren Buffett said at the Berkshire Hathaway annual shareholder meeting exclusively live-streamed by Yahoo Finance. "We are raising prices. People are raising prices to us, and it's being accepted."

Buffett called out much higher steel costs impacting Berkshire's housing and furniture businesses.

"People have money in their pocket, and they pay higher prices... it's almost a buying frenzy," Buffett said, noting that the economy is "red hot."


(In response to this post by JeffCoBuff)

Link: How To Measure Inflation: PCE & CPI


Posted: 05/07/2021 at 07:08AM



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