Photo: US Navy
Warren Buffett’s interview on CNBC has been almost entirely about Goldman Sachs (GS) this morning, a testament to how much this story has enveloped the financial industry. Becky quick has only asked a couple questions about the economy.Among them: The inflation question.
Buffett’s view is that the government has definitely laid the groundwork for inflation — basically by going into so much debt — though he’s hopeful it’s not inevitability.
We’ve lit the fuse, but it’s not too late to blow it out if we take the right corrective course.
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