Silver Report Uncut
May 4, 2021
BofA’s Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY!
Bank of America explains what this means:
“On an absolute basis, [inflation] mentions skyrocketed to near-record highs from 2011, pointing to at the very least, “transitory” hyper-inflation ahead.”
Warren Buffet and Charlie Munger were having an investor presentation the other day and Buffet was explaining how they have been facing inflation pressure and have needed to raise prices themselves, the funny thing is, He said no matter how much they raise people are paying, this signifies the rapidly rising prices across every sector is anything but transitory.
The food price inflation is significantly higher that is being explained as the shrinkflation has been intense but can only last so long. This is stunning because this is the first hyperinflation warning from a major Wall Street bank though they suggested we could be facing Weimar style hyperinflation previously, this time wasn’t a ‘we might’ but rather a ‘prepare’ for hyperinflation which they suggest will only be temporary, I can’t understand how they could think that and I don’t think they do. This is just to soften the blow.SHOW LESS
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