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.

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Meanwhile in US…

Billionaire Warren Buffett is joining the long list of executives saying serious levels of inflation are starting to take hold

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.”

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