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 ...
duh, Warren...
who’d a thunk...
The supply chain is broken.
Container ships are stacked out for weeks/months.
If you think the toilet paper shortage was bad, wait until you see what comes next.
Yeah, it’s a real shocker. /s
“There’s more inflation going on that people would have anticipated six months ago or thereabouts.””
Oh really? Give that man a FReeper ID.
See, see! Trump’s racist and homophobic tweets again!
Last year when I bought a bag of Blue Magic(aluminum sulfate) for my blueberry bushes the price was $9.99. This year the same bag was $11.99.
This has already been posted earlier. Even earlier, I posted that we’re going to hyperinflation. Wasn’t much interest in discussing it. It’s going to be an interesting world pretty soon.
Duh!
No doubt about it.
Stuff is making it to the US but just sitting in port.
I don't see any empty shelves, but I live in a rural area.
I did read that longshoremen in CA were staging a slowdown.
,,,the Tea in China.
He’s willfully ignorant. I find it hard to believe he is surprised by this.
Well, with any luck, Biden will name Harris to deal with it.......after all, she was sooooo so successful dealing with the border (/s).
Buffet you must be a genius and I bet you don’t pump your own gas or buy your own toilet paper. The likes of the Bidens and Buffets and Romneys never experience inflation like the working class.... but he is correct that all these non working people who are getting the variety of checks from unemployment and Sugar Daddy Biden’s subsidy checks are not experiencing this inflation now, but are being baited onto the democrat plantation. Once in and the trap springs and free money is cut off and the inflation parasite now makes them totally dependent on the government for even toilet paper but it is too late. Their reaction will be “WHAT HAPPENED” and the answer will be, “TRUMP’S FAULT”.
Mice never figure out why the cheese is free until it is too... “SNAP”.... late.
This little nobody can see it coming with currency presses working overtime for Biteme’s insane economic policies. Sheesh.
“The Oracle from Omaha...”
Have you seen the pictures of currency blowing in the streets of Venezuela like so much trash? What amazes me is that there are still countries in the world that continue to lend money to the United States .
Does that include the millions out of work from State shut downs? Or is thinking of the continuing un-employment and freebie checks from the Fedgov?
Thanks, Sherlock. How’d you crack that one?
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