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Warren Buffett is right,
inflation is running rampant

Original Article

Posted By: NorthernDog, 5/4/2021 10:52:09 AM

Inflation looks to be in warp overdrive judging by the worrying commentary by corporate chieftains this earnings season. Mentions of inflation on first quarter corporate earnings calls have exploded 800% year-over-year, according to new research from Bank of America Securities strategist Savita Subramanian. By sector, inflation was most prevalent in materials, consumer and industrial companies. Most sectors have cited inflation more than the historical norm, Subramanian notes. (Snip) ''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


A number of manufacturers have admitted they are raising prices - some more than 10%.

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Reply 1 - Posted by: Quigley 5/4/2021 11:09:39 AM (No. 775134)
My theory, based on common sense and some observation of lumber prices, is that supply chains have been disrupted. Sort of a duh comment, but I’m thinking that the damage may be worse than has been widely apparent. The Dims have used the economy as their covid political play thing disrupting everything and everybody. Supply chains are quite delicate with A supplying B so that B can supply C etc and a delay at any link disrupts all down links and probably the uplinks who may have to stop producing until the down links can resume taking product. Old joe and the sick sick “we’ll do anything to injure our enemies who is everybody who doesn’t agree with us” Dims may have put the economy into a cold start situation. How sick are those perverts.
18 people like this.

Reply 2 - Posted by: spacer 5/4/2021 11:10:09 AM (No. 775135)
I believe this all is by design. Blow the dollar through inflation, unsurmountable debt and no one to by he falling dollar. China is on the move in every faucet of Americas agendas foreign and domestic. The one thing that will insure their win is the collapse of the dollar. I truly believe the treachery in the biden regime is working for a chinese victory without a shot being fired.
12 people like this.

Reply 3 - Posted by: Nimby 5/4/2021 11:10:26 AM (No. 775136)
What are you going to do about it?
5 people like this.

Reply 4 - Posted by: davew 5/4/2021 11:13:12 AM (No. 775138)
And yet on the same day the 10 year note yield is falling as the very smart bond traders buy Treasury's. Something isn't adding up. Why the sudden fear rhetoric? The Fed has signaled that 2% inflation is a desirable target. How much of the price hike in goods is due to manipulation of shipping channels that artificially create shortages in basic materials? Doesn't China control a significant portion of the shipping infrastructure and container stockpiles? Didn't China stockpile microchips in advance of the current shortage thus cornering the available supply to electronics and auto producers? Sounds like the same strategy they used with the PPE before the pandemic. If the Wall Street folks that missed the tech stock surge create the notion of an inflation spike it will drive prices in growth stocks much lower allowing them to get in at better prices and ride the elevator back up again. What you see in the public media is all propaganda to manipulate public behavior for the benefit of the wealthy elite.
10 people like this.

Reply 5 - Posted by: Condor44 5/4/2021 11:34:20 AM (No. 775152)
Well Joe. Everything was fine until Nov. 3rd, then you stole the election and royally screwed things up. What took 4 years to fix, you screwed it up in 100 days. Joe, you are the dumbest, crookedest, idiot to have ever stolen an election. I can{t stand you or your crooked accomplices in the senate and congress. Go to hades Joe!
23 people like this.

Reply 6 - Posted by: planetgeo 5/4/2021 12:42:44 PM (No. 775217) the Biden/Democrat strategy of raising taxes on the evil corporations to make them pay their "fair share" is actually resulting in much higher prices that will actually be paid by US? Is that what you're saying? WE, the middle class, will be who actually pays for the corporate tax increases? Knock me over with a feather...
12 people like this.

Reply 7 - Posted by: Hugh Akston 5/4/2021 1:16:56 PM (No. 775235)
Look in the mirror Warren to see who voted and supported this. Don't cry me a river now...too late...too stupid for someone so 'smart'.
12 people like this.

Reply 8 - Posted by: Lawsy0 5/4/2021 1:54:40 PM (No. 775251)
Bullcarp! I certainly did not need some random gazillionaire to tell me that.
4 people like this.

Reply 9 - Posted by: Ribicon 5/4/2021 2:01:20 PM (No. 775255)
Nonsense. US Treasury Secretary and former Federal Reserve Chairman Janet Yellen, who (apart perhaps from AOC) is the world's foremost monetary authority, says it's perfectly fine and completely uninflationary to expand the money supply without limit so the US government can keep spending. After all, the New American public is too stupid to notice, and most have no savings to be eaten by inflation. We're also happy to pay massive capital gains taxes when we sell assets, even when the value increase is an illusion.
5 people like this.

Reply 10 - Posted by: 3XALADY 5/4/2021 2:25:52 PM (No. 775271)
Gas is up to $2.79 today. Car rental companies are going to auto auctions to buy used cars because not many new ones are being manufactured, thanks to a part shortage. Shortage of trucks because of the part shortage. Prices rising daily. Thank you China. They probably haven't even gotten started on us yet. Listening to local mayor and county commissioners talking about the costs going up for road repair and anything their crews have to fix. Not only are your federal taxes going up but your local taxes will be going up to cover what they were talking about. It is going to be never ending.
4 people like this.

Reply 11 - Posted by: Kafka2 5/4/2021 2:56:20 PM (No. 775300)
To give trillions of dollars of "free things" to people who have not earned them requires massive amounts of money. The way the Progressives/Democrats get money is to crank up the printing presses which diminishes the value of the dollar. This makes stocks grow in dollars,but those dollars are worth substantially less. Yet when you sell the stocks some years later, most or all of the increase is due to inflation. There is little to no real gain. Yet you pay capital gains on all the amount due to inflation. Now Biden wants to nearly double the capital gains tax. With the combined impact of increased taxes and substantial inflation, the middle class will be hammered.
1 person likes this.

Reply 12 - Posted by: bighambone 5/4/2021 3:12:40 PM (No. 775325)
Las Vegas should take bets on if Biden will beat Carter on the inflation front? One thing is for sure it will not be good for so-called Middle Class folks who make the country go. Unfortunately they are not on the leftist and liberal Democrat’s political agenda.
1 person likes this.

Reply 13 - Posted by: Hermoine 5/4/2021 3:39:20 PM (No. 775358)
One way to offset inflation is to add more people to your population -- especially people who will take low paying jobs. I was listening to Charlie Kirk talk about this and I think he's absolutely right. It is by design and what do the Democrats want more than anything else? They want to completely and totally REMAKE the electorate in their "image." How do they do that? THEY let in millions of people and get them hooked on a socialist welfare system. Yellen will make the argument that inflation hurts those who are vulnerable the most. She'll not only make the argument that giving amnesty to more people is humanitarian but also good fiscal policy.
5 people like this.

Reply 14 - Posted by: DVC 5/4/2021 3:39:31 PM (No. 775359)
Not yet, it isn't. It may well happen, no doubt. But I have actually SEEN and LIVED 'inflation running rampant' and this isn't it.....yet. And some experts consider that disinflation is a bigger threat over the middle term, a few years out. Not sure I buy that story yet, but I have had other similar experts help me to become very financially secure by listening to their advice.
1 person likes this.

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