Posted on 05/02/2021 4:33:39 PM PDT by wrrock
How was it determined that Buffett was ‘shocked’? He didn’t say he was shocked. Buffett has been around the block a few times; I don’t think he’s surprised by inflation.
I like it this way!
Can he really be that stupid? The Democrats printing trillions of dollars, and no inflation? Energy independence smothered and no prices rising? Idiot.
Yeah really no kidding! Price of energy filters into just about every item manufactured and in food production.
Inflation? No biggie. HUGE pay hikes coming for everybody real soon now to compensate for higher prices (just kidding). Nothing like getting to live through another good Wage/Price spiral to the stratosphere.
I chose the wrong time to retire. Things were nice and stable for a long time, but now so many of us are going to get wiped out.
We’ve been taking more risk than I really like — still about 55% in equities, but we have two properties which provide a good hedge against inflation. One property is in California and is protected from property tax hikes because of Prop 13 (as long as the Dems don’t kill that which is a real possibility). The other property in Idaho is subject to annual property re-assessment and I just heard our county assessment is up 47% in 2021! Idaho property values are soaring as people flee liberal shit-hole states and cities and that is going to really hurt so many home owners.
What comes, next? 😱
A summary will do 😬
Well, Warren these are the people you wanted in the White House and in control of Congress. It isn’t like they didn’t tell you what they wanted to do. But, isn’t wrecking the American economy, throwing people out of work and hitting Berkshire’s profits a small price to pay not to have Trump in the White House? I mean, you get to look at Joe’s mask and not Orange Man’s hair. Worth it, right?
No shit Sherlock! I’m sure that you are clutching pearls after Pedo Joe shut down the Keystone Pipeline for you as your railroad continues to profit.
Warren, you just REALIZED that now? I’m buying WHEELBARROWS since I think we will need them to carry cash in when we buy a loaf of bread...
And Buffet is largely responsible for the cost of energy, since I’m sure he pulled strings to shut the pipeline down to keep the oil on his trains.
And now the Canadians just want to ship their oil straight to China since it cannot be piped through the US.
Think commodities... oil, agriculture, metals (precious and otherwise), coal, natural gas...
Next think of the things that derive from commodities: fuel, transportation, energy, plastics, food, clothing, copper wire, cookware, electricity...
Use your own imagination to expand the lists above.
:^) Usually... except this time currency won't have to be printed, it is digitalized - direct deposit, cash cards, check deposits, etc. Just take the mark of the beast and uncle antichrist will take care of everything so that you can buy or sell with a magnetic stripe and a skin scan.
Thanks :-)
Your “commodities” definition reminds me of the scene in Trading Places, where the old geezers are teaching Eddie Murphy the business :-)
Yep. Who didn’t see that coming?
Trump did!
Tractor low profile seat suspension; $130 not three weeks ago, $169 now. A 30% increase. I won’t buy. Price gouging by any other name.
I hope the holders of this inflated inventory choke on it.
I also hope the fools who have bid up the price of housing have to live in it for a very very long time to break even or take a bath to sell it.
We are seeing good sense lost right now. People have too much time on their hands and too much free money in their pockets.
The feral employees are loafing from home and have NEVER missed a paycheck. Much the same for state employees. Many wage earners are getting more and more benefits from unemployment than working.
This economy is broken all to heck and gone.
When is the last time you ever saw a restaurant that had a lunch crowd all afternoon followed by dinner? People have time on their hands and money in their pockets.
They claim food prices are only up by 10% but it seems more like 50% from what I can see.
Buffet and his band of Billionaires brought it back to America.
The last time it was tried was under Carter and 18% mortgage rates.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.