posted on 01/07/2004 8:35:03 PM PST
To: Willie Green
posted on 01/07/2004 8:35:27 PM PST
(“We'll put a boot in your ass, it's the American way.” - Toby Keith)
Do these guys look happy
at the possibility
SHE might someday be their
Commander in Chief?
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Warren Buffet is George Soros lite....both billionaires...both Bush haters....both currency manipulators....both lefties.....both zero populationers.....pro-abortioners.
posted on 01/07/2004 8:43:21 PM PST
by Ann Archy
FORTUNE editor at large Carol Loomis, who is a Berkshire Hathaway shareholder, worked with Warren Buffett on this article.
In other words: written by Carol Loomis, a Democrat that wrote nearly every word. The real reason they think bonds are bad is because it isn't possible to grow Socialism with a large debt load.
posted on 01/07/2004 8:53:26 PM PST
I'm about to deliver a warning regarding the U.S. trade deficit and also suggest a remedy for the problem. But first I need to mention two reasons you might want to be skeptical about what I say. To begin, my forecasting record with respect to macroeconomics is far from inspiring.
Everything after this is just chatter and worth little or nothing. Buffet is a great long term investor, but he -- like many other successful people -- are often given "gravitas" they don't deserve in other fields.
The Oracle of Omaha is not an economic sage. I've followed him for years and he has MANY more misses than hits...repeat, MANY more! However, his ability to maximize his hits (and cut his losses quickly on the misses) -- without leverage -- makes him a great investor (but NOT an expert on world economics).
The problem with Buffett's proposal is that it would create trade equilibrium. This is not necessarily desirable given the requirements of the time.
Many pessimistic seers simply underestimated the dynamism that has allowed us to overcome problems that once seemed ominous. We still have a truly remarkable country and economy.
Right up until Atlas Shrugged. Then, what's to buffet the Warrens?
posted on 01/07/2004 9:14:03 PM PST
(I'm just a cook. And a unix sys-admin. Call for my contract rate.)
posted on 01/07/2004 11:00:10 PM PST
This article needs a new bump. Read it and heed it, oh ye purveyors of free trade!
posted on 03/12/2004 6:28:28 PM PST
(Oderint dum metuant: Let them hate us, so long as they fear us.)
Wow! That's a lot of words.
I'll read the comments but I don't care what Buffet has to say anymore.
posted on 04/02/2004 2:12:06 AM PST
There is a fine rebuttal to Buffet's article appearing in the Capital Flow Watch
web log, under the title "Warren Buffet Fears Foreign Ownership"
. This web log also has several other articles debunking panic attacks about the "trade deficit".
To: Travis McGee
An article I missed at the time. Interesting to see how Buffet’s prediction for the dollar turned out.
posted on 04/14/2008 7:30:31 PM PDT
(Press 1 for English)
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