Warren Buffet has already pulled every last penny out of the US stock market. Perhaps he knows something...
Really? Where did you read that? On the other hand, Buffet has been a pessimist for years; he could just be continuing the trend.
Warren Buffet has already pulled every last penny out of the US stock market. Perhaps he knows something...
JBinKC wrote:But I am not betting on the Euro either in the long run as they will also face huge trade deficits in time. I think the currencies of choice will be with the stable countries that have the remaining resources like Canada or Russia.
Regarding the comment about Warren Buffett he still owns quite a few US companies in his stock portfolio besides of course all of his 100% owned companies in his conglomerate. The only foreign stock that he owns is Petrochina PTR which is one of his smallest stakes (Note: that Gillette had a recent take over offer from Procter and Gamble).
Warren Buffet has already pulled every last penny out of the US stock market. Perhaps he knows something...
uNkNowN ElEmEnt wrote:This is for ther person who wanted a source. I read something like that on www.howestreet.com about him and bill gates pulling their money out of US. I can't find it now and have too much of a headache to.Warren Buffet has already pulled every last penny out of the US stock market. Perhaps he knows something...
shortonoil wrote:Sounds like you believe that fairy tale that the WTC fell down because a couple of mad arabs hit it with airplanes! America my home, land of the delusional thinker.
bruin wrote:I would believe some serious opportunism went on with 9/11 to invade the Middle East (twice) but to argue the CIA or some other US entity planned the whole thing is wrong.
US deficits risk crash: Treasury by David Uren and Roy Eccleston, Feb 25, 2005:
PETER Costello's closest adviser fears the US is heading for a devastating financial crash that could ravage Australia's economic growth. As the Reserve Bank considers raising interest rates at its board meeting next Tuesday, Treasury Secretary Ken Henry likened the flood of money pouring into the US to support its budget and current account deficits to the stockmarket's dotcom bubble of the late 1990s. Were it suddenly to stop, there would be shockwaves felt throughout the world's economies. The financial crash feared by Dr Henry would involve a sharp fall in the US dollar and a bond market sell-off, which would push up US and world interest rates.
This would hit US economic growth and, as a result, cut Chinese exports of manufactured products to the American market. In turn, this would threaten the boom in Australian mineral exports to China. Fears that the world economy is in grave danger are growing in the major financial capitals. The International Monetary Fund, which is responsible for stability of the world economy, also warned yesterday of a sudden collapse.
OilFinder2 wrote:Since there seems to be a flurry of threads on this exact same topic these days I thought I'd bump up this 4-year-old thread to remind everyone how the collapse of the US dollar and the "imminent" defaulting of the US on its debt and blah blah blah seem to always be just around the corner. Year after year after year after year after.
Users browsing this forum: No registered users and 172 guests