By: Economic & Finance Report
Billionaire investor and head fund manager Bill Ackman believes that US inflation is at approx. ten percent. He has indicated that inflation is really worse than what people are actually speculating. He has stated that the statistics presented by the US Dept. of Labor and other agencies; are actually incorrect or misstated. The Pershing Square CEO believes that government analysis on the inflation rate in the US, is inaccurate.
He has presented details that the statistics point toward 10.1%; in which he tweeted last Friday, Dec. 10, 2021. Whatever the case may be; buyers are taking serious punches on how they purchase goods and services. Goods have increased significantly within the past year, and it seems that it will likely maintain into the 2022 new year. -SB
Image Source: CNBC