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Despite Support for Obama, Buffett Sees Inflation in Future

'We have sown the seeds of a lot of inflation for the future'

February 27, 2012

HOST: If you had to bet -- again, you don't have a crystal ball in this -- but if you had to bet do you think it would pick up enough, if you had to bet, earlier or later, that you'd say 2013 or 2015?

BUFFETT: I think it will look strong before 2014. Interest rates will pick up some, but we have sown the seeds of a lot of inflation for the future. Now, whether we can unsow those seeds and dig them up again, that's not so easy to do. It's easy to talk about, but it's a lot easier to sow the seeds than it is to replant.

Published under: Warren Buffett