CNBC’s Jim Cramer on Inflation: ‘It’s Much Worse than We Thought’
‘I keep hoping the capacity will come on and make it so that it’s not as bad’
Oct 20, 2021 4:30 PM
By Grabien Staff
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EXCERPT:
CRAMER: "I mean, look, I, think Paul Tudor Jones, as always, is right about inflation. It's much worse than we thought. I keep hoping that the capacity will come on and make it so that it’s not as bad, but it just can't seem to come on as fast enough. For instance, I was going over it with my friend Frank Mitsch, who’s got his own firm, chemicals, and it’s just unbelievable. Fermium is using numbers that are just astounding and it makes you feel like that Procter is not going to be able to get out of a jam, Procter being the one that yesterday focused the most on inflationary inputs."
