Commodity prices up 50%, real estate up 38%, and 3 of 4 Bank of Canada measurements show consumer prices inflation above target.
What’s the government’s solution?
Print more money. pic.twitter.com/PTzJulRmjG
— pierrepoilievre (@PierrePoilievre) May 2, 2021
Meanwhile in US…
What Inflation? Home Price Growth Almost Doubles After Fed Printing Bonanza, Used Car Prices Up 36%, Lumber Up 149%, Copper Up 43%, Food Up 70% t.co/cCEbJ7g987
— Anthony Sanders (@AnthonyBSanders) May 2, 2021
Billionaire Warren Buffett is joining the long list of executives saying serious levels of inflation are starting to take hold as the U.S. economy roars back from the COVID-19 downturn.
“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.
“People have money in their pocket, and they pay higher prices… it’s almost a buying frenzy,” Buffett said, noting that the economy is “red hot.”