Warren Buffett warns of a ‘red hot’ economy and rising inflation

Warren Buffett warns of a ‘red hot’ economy and rising inflation

Warren Buffett delivered a clear verdict Saturday on the state of the US economy as it emerges from the pandemic: red hot.

“It’s almost a buying frenzy,” the Berkshire Hathaway chief executive said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.