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Inflation: Resurrection

September 16, 2024

by Robert Armstrong
FT

Good morning. Berkshire Hathaway insurance tsar Ajit Jain sold more than half of his stake in the company on Thursday for $139mn. Jain’s sale, along with Warren Buffett’s own sales, looks to us more like retirement planning than a signal about the valuation of the shares. Let us know if you have another theory: [email protected] and [email protected].

The case for worrying about inflation

People really detest inflation, as Alan S Blinder put it to Unhedged last week. A corollary of this is that people worry about it a lot. So last Thursday’s letter, “Inflation is still dead,” was not warmly received by all readers. Most of the disagreement took one of three forms: that services inflation is still too high; that CPI housing inflation is not set to fall; and that financial conditions are already loose and a big rate cut will invite inflation back in.

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