U.S. Business Pundits Are Acknowledging That Inflation Is Now A Major Problem

 

Mediaite: Jim Cramer Says ‘Astounding’ Inflation ‘Much Worse’ Than Thought: ‘Just Unbelievable’ 

CNBC on Wednesday spoke with hedge fund manager and Robin Hood Foundation founder Paul Tudor Jones, who said that inflation is “much worse than we fear.” A short time later on Squawk Box, CNBC’s Jim Cramer agreed with Jones’ assessment, and added a few more dire words to the mix. 

Host Rebecca Quick asked Cramer about inflation, a major topic of the day in finance. 

“Let’s talk about inflation and where things stand right now,” she said. “Let’s talk about the questions that investors are kind of wondering right now. If you’re worried about inflation, it’s a huge, huge issue.” 

Cramer agreed it’s a huge issue. He also brought up Jones talking about it earlier in the day and agreed with that, too. 

 “Yeah. I mean, look, I think Paul Tudor Jones, as always, is right about inflation. It’s much worse than we thought,” he said. “I keep hoping that the capacity will come on and make it so that it’s not as bad, but it just can’t seem to come on as fast enough.”  

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WNU Editor: Inflation is not a U.S. problem. Canada's inflation was reported this week, and it is the worse in 18 years. My friends in Europe are all telling me the same thing .... prices are waaaayyyy up. Same thing in Russia. Same thing throughout Asia. Talk from government officials and much of the media that this is all going to be transitory does not match what is happening on the ground.