Buffett says U.S. Treasury bubble one for the ages

[pegasus]

http://uk.reuters.com/article/businessNews/idUKTRE51R1Q720090228

 

[Ironslave]

Yikes..... the fact that typically contrarian investors like Jim Rogers and Marc Faber are saying this isn't much of a surprise at all, but the fact Buffet (a value investor) is saying this means a LOT. This is actually huge news, thanks for the post.

 

[Braaq]

When these bubbles start to get blown up in the media it causes panic. That leads to an escalation to the problem we will inevitably face.

 

[pegasus]

Yikes..... the fact that typically contrarian investors like Jim Rogers and Marc Faber are saying this isn't much of a surprise at all, but the fact Buffet (a value investor) is saying this means a LOT. This is actually huge news, thanks for the post.

No problem. He's been in the news a lot today because his annual shareholders letter came out today. I hope he's right when he says America's best days are still ahead..

http://www.berkshirehathaway.com/2008ar/2008ar.pdf

 

[Braaq]

No problem. He's been in the news a lot today because his annual shareholders letter came out today. I hope he's right when he says America's best days are still ahead..

http://www.berkshirehathaway.com/2008ar/2008ar.pdf

I read about that too, it is nice to hear optimism nowadays compared to the constant pessimism that we keep getting fed.
Another thing, one thing that made Reagan so great was how positive he was about how we are going to get past the recession. Obama always talks about how bad it is... he seems to emulate Reagan a lot, from what I have read and he could use that point as well.

 

[pegasus]

I read about that too, it is nice to hear optimism nowadays compared to the constant pessimism that we keep getting fed.
Another thing, one thing that made Reagan so great was how positive he was about how we are going to get past the recession. Obama always talks about how bad it is... he seems to emulate Reagan a lot, from what I have read and he could use that point as well.

Obama will talk about depression before his spending bills pass, and talk about 6% growth in the GDP a few days after it passes.
I don't know why, but I wish McCain had been elected instead of this idiot, cause at least he stood by his word, and didn't try and put any in the bill.
I feel sorry for the idiots who thought obama's going to come and cut their taxes if they earn under $250. I was listening to one of his people the other day and she said, yes we are going to cut payroll taxes, and that will help the people pay off the increase in energy and fuel prices!!!