|
Post by graybeard on May 29, 2007 21:43:07 GMT -6
Stumbled across a 10 May 2007 Charlie Rose interview with Warren Buffett in the wee hours this morning. I have all but the first 15 minutes on the DVR. Will try to share some of the high points, although I can't cover it all.
(Hmm, some of what I just wrote has disappeared. It was about our Current Accounts Deficit.)
From 1915 until 2006, the US was owed more than it owed the rest of the world. We are now going into debt with the rest of the world at a rate of $2 Billion a day. Our dollar will continue to fall, he said.
Mr. Buffet is very concerned about our rising deficit, and likens it to a leaky faucet. No politician will touch it until it may be too late. He expressed confidence in the long term outlook for the US, although I don't know why.
He is concerned more about WMD and the rogue parties and states that may have them. He said our children and grandchildren should live better than us - if they live at all.
He supports both Clinton and Obama for President.
He made more money in the Korean stock market in the last five years than he ever made in the US market. That's because most beliefs in the future are based on what happened five or six years ago.
|
|
|
Post by unlawflcombatnt on May 30, 2007 2:07:27 GMT -6
Well, I don't agree with him about on his choice of Presidential candidates.
Right now I'd vote for Ron Paul, with John Edwards a close 2nd. (I'm still hoping Edwards will say something indicating he hasn't become a free trader.)
I agree with him that our national debt is a big problem. But I can't see any reason to be optimistic about the future of the economy. It seems like we're going in the wrong direction, and Democrats don't seem to be doing much to change it. (They've sure talked up a good game. But they don't seem to be playing one.)
WMD's in rogue states?? He's been listening to the Right-Wing news media too much. I'm more worried about the WMD (weapon of mass dumbness) in the White House.
|
|