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‘The Costs Are Just Up, Up, Up’: Warren Buffett Issues Grave Warning About Inflation | |
Coastie Patriot
User ID: 78825402 United States 05/04/2021 08:14 AM Report Abusive Post Report Copyright Violation | This article is excerpted from the FEE Daily, a daily email newsletter where FEE Policy Correspondent Brad Polumbo brings you news and analysis on the top free-market economics and policy stories. Click here to sign up. Given the federal government’s unprecedented spending spree and money-printing splurge over the last year, many critics have warned that such fiscal irresponsibility could result in a destructive wave of inflation. Berkshire Hathaway CEO and billionaire investor Warren Buffett owns a number of large homebuilding companies—and he just warned that they’re seeing inflation on the rise. “We are seeing very substantial inflation,” Buffet said at a Sunday shareholder meeting. “It’s very interesting. We are raising prices. People are raising prices to us and it’s being accepted.” “We’ve got nine home builders in addition to our manufactured housing and operation, which is the largest in the country,” the investor continued. “So we really do a lot of housing. The costs are just up, up, up. Steel costs, you know, just every day they’re going up.” [link to pbs.twimg.com (secure)] [link to fee.org (secure)] Coastie Patriot SIC SEMPER TYRRANIS THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!! Dr Thaddeus They They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth." Well, I mean, no one can tell the difference anymore between what's real and what's fake. Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.- X Files: Lost art of Forehead Sweat A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. -SHANE- Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington- to grow up remembering th My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!! Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales |
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