Posted on 05/02/2021 12:27:58 PM PDT by Hojczyk
We are seeing substantial inflation," Buffett said at the Berkshire Hathaway annual shareholder meeting broadcast exclusively 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.
Subramanian thinks investors could see a "robust" rebound in inflation in coming months in the wake of the latest round of C-suite commentary.
"Inflation is arguably the biggest topic during this earnings season, with a broad array of sectors (Consumer/Industrials/Materials, etc.) citing inflation pressures," Subramanian notes.
Proctor & Gamble said recently it would begin to hike prices on baby care, feminine care and adult incontinence products in the United States.
Whirlpool CFO Jim Peters recently told Yahoo Finance Live the appliance maker just jacked up prices by 5% to 12% to counteract rising steel costs.
(Excerpt) Read more at finance.yahoo.com ...
And guess where the steel comes from and everything else..CHINA and India
Wonder how much of that is because of dumbass’s decision to kill the Keystone Pipeline and the ripple effect from it? Other shortages are caused by the lockdowns which cause decreased production at a time when input demand is rising. The gov’t needs to rescind the scheduled tax hikes, live within its budget, step back, and get out of the way.
Ya think? Those of us who had a real econ course years ago knew that this is the inevitable result of left wing ‘thinking’.
If: Leftist though
Then: Turns to shi...er...Obamastuff.
I have been already posting here and telling folks well before this article that we were going to see hyperinflation.
I’ve been letting my scrap pile build up for a few years now. May be close to time to cash it in. Say goodbye to old junkers ... again.
Stolen elections have consequences, Warbucks.
The $15 minimum wage will have to be raised again to $30 an hour just to keep up. Rinse and repeat.
Just went over and told my brother, and another sister to buy the chlorine for their pools cause it may not be available later in the year,
The price of lumber is skyrocketing. I’ve never seen vinyl fencing cheaper than traditional wood, yet here we are. There are shortages of certain foods in some areas. This is going to turn ugly real quick.
Not sure where they live but they should probably stock up on pool water too.
He has a huge stake in worker’s comp insurance and covid sent premiums through the roof.
The “genius” of some of these people is a thing to behold! Good grief!
They may be wise to buy their preferred shock chlorine, and have a chlorine generator installed. Then buy salt.
Are these price increases from covid depressed economic levels? That is very relevant.
Don’t worry, everything will be fine, we won’t run out of money, they will Print More if we run out.
Thank you for the tip. I’ll mention it to them for future reference.
“Inflation is everywhere and always a monetary phenomenon” Milton Friedman.
Printing too much money above equal increase in production of goods and services... Or in our case, stimulus checks with declining production means high inflation.
Add in anti-price gouging laws caused by state governments enacting state of emergency plans (producers are legally forced to sell products below market equilibrium) and therefore there are shortages. Ka-Boom!
High School Economics 101
https://m.youtube.com/watch?v=F94jGTWNWsA&t=2s
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