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A Shocked Warren Buffett Sees ‘Significant’ Inflation: ‘The Costs Are Up, Up, Up. We’re Seeing Substantial Inflation’
TG ^ | 5/2/2021 | Evan

Posted on 05/02/2021 4:33:39 PM PDT by wrrock

Speaking to Berkshire’s millions of shareholders on Saturday, Buffett warned the company was being hit by inflationary pressures:

“We’re seeing very substantial inflation – it’s very interesting. I mean, we’re raising prices. People are raising prices to us. And it’s being accepted.”

“The costs are just up, up, up. Steel costs, you know, just every day, they’re going up.”

“And it just won’t stop! People have money in their pocket, and they pay the higher prices… There’s more inflation going on that people would have anticipated six months ago or thereabouts.”

-VIDEO

(Excerpt) Read more at toptradeguru.com ...


TOPICS: Business/Economy
KEYWORDS: berkshirehathaway; buffett; economy; inflation; lumber; sharholdersmeeting; shrinkflation; stagflation; steel
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To: wrrock

He got his keystone pipeline cancellation which directly benefits him now he’s crying like a little baby about the moron he helped put in the White House reap what you sow Warren


41 posted on 05/02/2021 10:07:22 PM PDT by Lod881019
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To: wrrock

:O <- My “shocked face”


42 posted on 05/02/2021 10:21:13 PM PDT by The Duke (Search for 'Sydney Ducks' and understand what is needed.)
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To: wrrock

When prices go up people are less able to invest and buy furniture.


43 posted on 05/02/2021 10:39:30 PM PDT by Slyfox
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To: MeneMeneTekelUpharsin

Post 8::: Like the SCOTUS says: Some topics are not RIPE, but on other occasions, the subject being debated is MOOT.

Then, there are times when topics are just ignored.


44 posted on 05/03/2021 2:37:13 AM PDT by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
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To: Jane Long

“What comes, next? “

Price limits by the Bydone admin?


45 posted on 05/03/2021 2:42:09 AM PDT by mad_as_he$$ (God is in charge but he doesn't expect you to lean on the shovel and expect that a hole will appear.)
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To: MeneMeneTekelUpharsin

Defined Pension payments will become insignificant. Would you like some mustard on your cardboard?


46 posted on 05/03/2021 4:57:04 AM PDT by joegoeny ("Nuts!")
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To: wrrock

As I was roaming around the local Wally’s this morning it dawned on me that a bunch of people appeared to be suffering from “sticker shock”, and I wondered how many of them voted for the loser now in the White House.


47 posted on 05/03/2021 2:40:08 PM PDT by fortes fortuna juvat (bureaucracyLiberals destroy everything they touch.)
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To: Jane Long; Bob Ireland; wrrock

48 posted on 05/08/2021 2:21:53 PM PDT by 4Liberty (Honest GOP can’t use legal options cause Dems use illegal ones (threats). The Robert Creamer Party! )
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To: 4Liberty

😂😂😂🙃


49 posted on 05/08/2021 2:50:01 PM PDT by Jane Long (America, Bless God....blessed be the Nation 🙏🏻🇺🇸)
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