It's not just ammo prices anymore: Warren Buffett "We're Seeing Substantial Inflation"
Posted: Mon May 03, 2021 9:05 am
"The Costs Are Up, Up, Up. We're Seeing Substantial Inflation" Admits A Surprised Warren Buffett As Powell, Yellen See Nothing
Why does this matter? Because the ability to pass on price increases and have them stick, means the surge in prices will not be transitory, no matter how many times the Biden admin, the Fed or the Treasury lie and vow the opposite.
Buffett's comments came one day after the US revealed that household incomes rose by the most in recorded history in March as the latest round of Biden stimmies hit bank accounts.
This has also pushed the total amount of government transfer payments to a record 34%. That's right: a third of all US household income is now from the state. Marx would be proud.