inflation

“And as it turns out, inflation is a phenomenal way to decrease levels of playing field. Absolutely. It decreases people's richness. So it makes rich people poor. That's really the most effective tool that you have To recalibrate, it's very, very hard to redist…”

“I think inflation goes up commodity prices go up prices of everything go up, but it allows us to actually reestablish and rejuvenate the, ah, the industrialized rust belt of America.”

“And I think what everybody is saying in this example is we're past the emergency. We've put too much money in the economy. We need to reopen. And we now need to face the fact that there are massively rising prices, which means that there will be inflation.”

“Now I'm kind of positioning myself to hedge myself in this situation.”

“If you're seeing inflation in those other, you know, supply driven economies, they are going to come on shore. They're going to hit us in the face. I think prices are going up.”

“And so I put these two things together and I'm like, I think this stuff is here to stay.”

“My worry is that it's here and it will be persistent.”

“People are seeing the inflation at the gas tank when they go to buy food. And you know, if that continues, I think they're going to do very poorly next year.”

“He warned them in May that he was very worried about inflation and they were saying it was transitory and then he turned out to be right.”

“The inflation was not transitory, and so the use of the word transitory, I predict will in fact be transitory.”

“What it's really created has been this massive bout of inflation, which then could cause an ultimate recession because the Fed has to react.”

“I mean, one year ago, they did that whole two trillion dollar American rescue plan. They were warned. By people like Stanley Druckenmiller, that retail was back, the consumer was back, and yet they still printed two trillion. That caused a huge amount of infla…”

“And then because of inflation, that wages in real terms fell 2.6% over the past year.”

“I think the much more likely explanation is that the trends that existed for 20 years still exist. They were interrupted temporarily by us saving ourselves from a catastrophe with COVID. The transient thing that everybody has come to make fun of, right? Transi…”

“We are 100% going to solve this inflation problem. Why do I say that? Because Price levels are fully within the power of the Fed. They just have to raise interest rates high enough.”

“The cause of this recession is inflation. If you look at the economy's growth on in nominal terms, it grew at seven, Point something percent, but because inflation was at nine percent, you have to subtract them in real terms, the economy is shrinking. And who …”

“I think everybody has consistently been wrong and they have wanted inflation to be a transitory phenomenon that goes away and they've been consistently wrong.”

“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.”

“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…”

“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.”

“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 …”

“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.”

“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.”

“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.”

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

“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.”

“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.”

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

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

“Inflation comes from printing more money.”

“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 …”

“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.”

“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…”