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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", mungofitch asked the members: "As for why the purchases stopped (for a while), perhaps the recent acquisition was seen to be somewhat counter to the capital allocation plans that Mr Buffett thought had been promised?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: PucksFool ✧✺🐝  😊 😞
Number: of 4624 
Subject: Diane Swonk inflation thread @ BlueSky
Date: 10/16/26 11:36 AM
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Diane Swonk is the chief economist at KPMG. She posted a thread worth reading at BlueSky. It is short and worth reading. You don't have to sign up to read it. Here are some take-aways.

A one-month move can obscure what households know: today’s inflation lands on a much higher cost of living.

In real terms, weekly earnings are still roughly 3% lower than pre-pandemic.

Regaining purchasing power lost over the last five years requires wages to outrun inflation for a sustained period.

Retirees illustrate the divide. Many at the lower end depend heavily on Social Security. That’s income, not wealth.

Baby Boomers hold a disproportionate share of wealth, but inequality within the generation is stark. Some have substantial assets.

The K-shaped economy; it runs within & between generations.


bsky.app: @dianeswonk.bsky.social on Bluesky
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