Inflation

“I have a very high degree of confidence that moving forward, because as you said, all this stuff is, is leading indicators prices are going to rise faster than inflation overall, and because electricity is sort of a Foundational good for the economy. They'll a…”

“The tailwind is AI is deflationary. Question is, is whether or not the productivity that AI generates outpaces the inflation that's in the system. My sense is not only does it outpace it, I mean, it just becomes this massive tsunami. And I think if I'm general…”

“We're in a period now of a total and complete restructuring of the geopolitical equilibrium. We're in a period of sustained higher inflation. There's one asset that fills that gap that's created when things change like that. All that change leads to fear, unce…”

“The Fed's new inflation forecast is at 2.7% for 2026, up from their December estimate of 2.4.”

“The San Francisco Fed came out with a survey that said about 43% of inflation can be explained through massive government spending.”

“If you're in a W two, inflation is eating away at your wages while AI is eating away at your role.”

“We're in a world with high for longer sticky inflation, certainly a breakdown of the free trade agreements that were happening so easily. Previously, there's a lot of re-onshoring. Unfortunately, we've seen the best of the geopolitical environment from securit…”

“There is no history without inflation. It doesn't really exist. It's not really a thing.”

“And what is inflation? It's the worst tax on the poor. Because you can handle a little inflation, I can handle it, most Americans can handle it, but that 10 to 15% of Americans that are really impoverished, they have to turn on their light switch, they have to…”

“And there, there's a very good study from MIT that's come out that shows, you know, in a way that only PhDs at MIT can be very precise. 42% of the great inflation was caused by the budget deficit. Another 17% was caused by the increase in inflation expectation…”

“But the other thing that we think is going to happen is that inflation is going to surprise significantly on the low side of expectations. We would not be surprised to see zero percent inflation or less.”

“We're going to see a lot of inflation very quickly because of Trump's policies.”

“So I think in some of these categories, we will see significant inflation where there is a very thin margin that the seller has in selling. And in some of the categories where there's a monopoly and they have a big margin, they're going to eat it because they …”

“The threat of tariff-driven inflation will lead the Fed to keep interest rates higher a little longer, as we just saw with Powell.”

“The concept of a millionaire is so impactful to society, and it hasn't been updated, even as inflation's at a way of being a millionaire.”

“The reflexivity already starts to take place, everything you just described. And once it does, some of it is certainly self-reinforcing, so you start decommitting capex, you start decommitting you know, basic capacity on different manufacturing lines, planes, …”

“When the government Spends money it does not have. It drives enormous inflation, and that always hurts the poorest people. The rich are not only inflation-proof, they're inflation-positive.”

“So you're, all your goods are going to go up by 25 to 30%. So that's inflationary, right? So if you thought, you know, inflation was bad before the price of eggs and all this stuff, well, wait till Christmas season comes and nobody could buy a toy because all …”

“Inflation comes from printing more money.”

“And it looks to me like the same thing is happening right now. We've already exhausted the monetary side policies in terms of the you know, the Fed was already working on lowering inflation before Trump came into office and it's stubbornly kind of sticking aro…”

“If you deflate asset prices, you also deflate inflation.”

“Biden was old and inflation was high. It gets you, like, 85% of the way there, the causal story, and I think if you look across basically every democracy holding elections in the post-COVID age of inflation, the penalty against incumbency was, like, high range…”

“People don't think of taxes as inflation, but taxes are inflation.”

“And I really think that it's this inflation and higher rates Combined with higher valuations that could put a damper on at least the market in the first part of this year.”

“If you look at Trump's agenda from a big picture point of view, there's no doubt, Sid, that it's inflationary.”

“And if you look at the data, employer-sponsored healthcare is outpacing inflation over the last 10 years is rapidly increasing.”

“My litmus test for evaluating the disruptable, how disruptable an industry is, is I look at its price increases relative to inflation, and whether there's been the underlying innovation to support that increase. And the two sectors I think, I see are most disr…”

“They never said it, but that was the explicit policy aim. We need to crash this economy to get people back to their jobs. It's crazy. I mean, it didn't work. They weren't able to do it, thank God. We got inflation down anyway despite their efforts”

“We had a massive shortfall in the ability to move goods around the world. And that was the biggest driver of the inflationary effects that we saw on the cost of everything.”

“What causes inflation is the printing of too much money. It's government spending too much. It is not corporate greed because corporate greed is a constant. It's not price gouging.”

“Because as a foundation, our goal is to last into perpetuity. We have to pay out five percent. That's the IRS mandated payout. So our long-term performance objective is five percent plus inflation. Obviously, inflation had been a hot topic. Our baseline for th…”

“Tariffs plus tax cuts could lead to a serious inflation and Economic contraction.”

“So I think he's going to be more concerned about erring on the side of tamping down inflation than erring on the side of the economy not doing as well.”

“A study showed that job hopping beat inflation for 49% of job hoppers based on a Federal Reserve Bank of Atlanta report. For those that stayed, only 42% got inflation beating raises.”

“Inflation is probably the single biggest transfer of wealth from the regular person who kind of has their assets in cash and the wealthy person who has their assets in stocks, real estate, you know, kind of things that inflate”

“Certainly inflation will have to, the only way we can repay the debts that we've incurred is going to be by, you know, devaluing the currency so we can pay back.”

“There's many, many reasons why we think inflation will be sustained. It doesn't mean it will stay double digits or high single digits. It will come back down, then it will go up again, then it will come back down, then it will go up again.”

“It's like something like triple the rate of inflation on a sustained basis.”

“When it comes to production, I tend to think that we're not going to be talking a ton about inflation in the renewable sector in a couple of years, and like I said before, the value of these projects is, is there in spades.”

“So what's gonna happen if we keep running up the debt like this? Eventually you're gonna have to print to solve that, and that will be inflationary.”

“So we were buying inflation Back in 2019, when it was pricing at one percent, we were loving inflation. So, well, let's buy some of that.”

“Obviously constrained by the cost of replacement, and as the cost of replacement rises, inflation rises, they can hold value in a way that other things may not, as well as often having inflation linked income streams.”

“There's never been a time when inflation was above four and unemployment was below four and the U.S. Economy didn't go into recession before that situation was resolved.”

“Inflation was never on an underlying basis anything like eight or nine. It was like five artificially pushed up by used cars and airline fares and a bunch of stuff like that gasoline. And the thing about stuff that mean reverts is that it mean reverts. And so …”

“I think there's a larger probably risk that we don't really have inflation on a secure path down below three and a half, and that the Fed thinks it's got it under control, and it doesn't. And it's gonna have to go back to, ah, raising, ah, rates.”

“The diversification can include renewables and resources, as an example, where that's diversification into some commodity price risk, and that can be one of the best hedges against inflation.”

“The pass-through effect this time, if the Fed's going to succeed in bringing inflation down back to target levels, it's going to have to be more persistent and more hawkish, I would argue, than any of us have experienced.”

“And so you just have to get prepared for rates just being sticky and inflation being sticky. And I think that that's probably the most reasonable base case for the rest of the decade.”

“That there are laws and regularities in economics and social science Just like there are in physical or biological science that cannot be suspended for political convenience. If you print too much money, you will have too much inflation. If you control prices,…”

“The way to hit the poorest parts of society hardest is to not manage inflation. You and I can configure our financial affairs so we're hedged against inflation. We may even, by borrowing money, Be able to be beneficiaries of inflation as we pay it back in chea…”

“That's one of the reasons I think inflation is going to be sticky, but I also think that could be valuable to have more international diversification because I think you're going to have different zones of economic activity, and I'm not sure you want to be com…”

“To assume that we're going back to that world after we get through this bout of inflation is also in my view, an unrealistic assumption. You're just gambling for redemption on that one.”

“They clearly reacted way too late to the inflation. We've talked about this before. We had that surprise inflation print in the summer of 2021, 5.1%. They said it was transitory. They didn't react until November. They continued QE for another six months, and t…”

“The world is a structurally different place than it was for the last 20 odd years, and you're going to see persistent levels of inflation, you know, three to four percent inflation for the foreseeable future. I think that, that's certainly being missed based o…”

“In the last few years, we've talked about a world where There's going to be less synchronized growth cycles where inflation is going to be more of a challenge going forward, perhaps structurally because of some of the physical investment necessary, particularl…”

“I think with inflation where it is, with debt levels where they are, with political gridlock where it is currently, It's very dangerous to think that a rescue will come relatively quickly the next time we have a crisis type environment.”

“Has a 97% correlation with inflation.”

“I will go and pick that inflation, which people expect to fall off a cliff, doesn't fall off a cliff as fast or as meaningfully as people want.”

“Well, I think we're in the first part of a recession. That'll probably be a double-dip recession and we'll actually see inflation come back up again. That's my assertion.”

“I would dispute for it based on, from what I've seen, the stimulus was the major cause of inflation, but I think that's probably another conversation.”