Quote:
Originally Posted by Claeren
You must have missed the "fine print" in regards to Buffet's recent moves into the market and his big buys into GE and GS:
http://www.minyanville.com/articles/.../index/a/19300
If I was getting those terms I would be buying too... If anything it should show how bad the situation is not how good it is.
And the only thing that grew faster than the American economy these past few years is the amount of debt in that economy:
 |
Not his Berkshire Hathaway purchases. He was referring to the treasury buying up all that bad debt through the bailout. He believes the treasury will make a sizable profit off the $700 billion..
http://money.cnn.com/video/
Check out the video called economic pearl harbour. Its 4 minutes long.