Warren Buffett gets gloomy: America's 'incredible period' iseconomy, jobs, globalization coming to an end.

Yahoo Finance ^ | July 15, 2023 | Vishesh Raisinghani

[eyedigress]

I lost 80% in a diagnostic firm.

Marriott saved the day!

:^)

[EEGator]

I’m trying to learn, but I guess it’s not intuitive to me.

I feel blackjack might be better for me...

[EEGator]

As long as your plus overall. :)

[ProtectOurFreedom]

“Get used to making less,” Munger quipped.

"Quipped"??? Yeah, that's a real knee-slapper. Ha, ha, ha.

[Worldtraveler once upon a time]

Perot's “giant sucking sound,” a comment intended for American jobs going to Mexico, is now a HUGE sucking sound, American manufacturing withered into a second class nation. Finance and real estate and Hollywood will not refine steel, mine ore, and more.

[nascarnation]

Yeah the progression was US >> Mexico >> China

and now Indonesia, Vietnam, and India are taking the jobs from China.

I’ve watched this on auto parts sourcing over the last 40 yrs.

[Worldtraveler once upon a time]

Are you promoting your own YouTube channel?

[eyedigress]

I’m not a day trader.

After $TYS fell I just hunched at 50.00 price. High was around 90.00 a year ago. That is a very long hold for many years to come.

It has been a war between the shorts and longs.

I learn slowly just reading the stocktwits.

https://stocktwits.com/symbol/TSN

[Worldtraveler once upon a time]

"I've watched this on auto parts sourcing over the last 40 yrs."

And add to that the very fine Clinton-Obama "Uranium One" deal.

[john drake]

Yep. Especially from a decrepit old billionaire with one foot in the grave. Future? What future?

[EEGator]

Thanks for the link.

[KTM rider]

the USA went from a "Manufacturing Economy"

to a "Service economy"

to a "wear your mask, check out your own groceries and bring your own bags economy"

[Chgogal]

Well Mr. Buffet, stolen elections have consequences.

[GOPJ]

One look at the democrat hellhole cities and how many there are now - and how horrible they are - getting worse everyday... and yeah, Warren Buffett has a point.

[Brian Griffin]

Our systems are messed up.

While there are quite a few fine young people, there is a huge number of screwed up people.

The future is going to be rough.

[angry elephant]

Well Mr. Buffet, stolen elections have consequences.”

I’m sure he was happy that the Keystone pipeline was cancelled so he could keep shipping the oil on his railroads.

[Chgogal]

Yup, and now energy inflation is hurting his bottom line.

Poor little rich guy! /s

[Chgogal]

Oh and don’t forget wage inflation that Biden insisted on. Remember the $15 minimum wage? Our elites are embarrassments.

[nicollo]

Buffet is getting what he wants, which means that what he’s warning against is what he wants.

[Sicon]

“Get used to making less,” Munger quipped.

Yeah? Is it the "new normal"?

Like wearing masks, and getting useless "vaccines", and being told that everyone and everything is racist, and having LGBTQXYZPDQ+ chicks with d*cks shoved in your face all day?

Sure, why not. Let's throw making/having less into the mix, cause all the rest of the "new normal" is so awesome.