The US Economy

[IHateMyJob2004]

People better start paying attention to oil prices And more importantly the trade deficit!

http://www.cnbc.com/id/20837495

What the fed did to day is meaningless!

 

[Jadow]

can't argue with his results, however that just means he's a great stock picker. Buffet isn't an economist.

 

[Blackjack200]

Agreed, it's like asking Barry Bonds to comment on the physics of baseball. The guy's just a good hitter.

 

[MadRat]

Are you f*$%ing serious about those last two comments? Buffett is well informed. And its two t's on the end of his name.

 

[dmcowen674]

Originally posted by: IHateMyJob2004
People better start paying attention to oil prices

but but but P&Nrs are crying for the Oil companies, they only make 6% margin.

 

[First]

Originally posted by: Jadow
can't argue with his results, however that just means he's a great stock picker. Buffet isn't an economist.

Originally posted by: Blackjack200
Agreed, it's like asking Barry Bonds to comment on the physics of baseball. The guy's just a good hitter.

Except that Buffett has a Masters in economics from Columbia business school.

 

[Finality]

Originally posted by: Evan Lieb

Originally posted by: Jadow
can't argue with his results, however that just means he's a great stock picker. Buffet isn't an economist.

Originally posted by: Blackjack200
Agreed, it's like asking Barry Bonds to comment on the physics of baseball. The guy's just a good hitter.

Except that Buffett has a Masters in economics from Columbia business school.

Yeah precisely. Besides his knowledge of the economy lets him pick stock at their low points and he knows the companies will succeed. He rarely buys anything at a high point.

BH has made Billions by shorting the dollar and will continue to do so.

 

[techs]

I suppose we should just ask Bush.
"Deficits don't matter"
Case closed.

 

[Pliablemoose]

He's betting heavily that oil & gas prices are going to go through the roof and he's likely correct.

His recent railroad play is a stroke of genius if he's right.

Federal antitrust regulators have cleared Berkshire Hathaway Inc. (OOTC:HWYI) (NYSE:BRK A) increasing its stake in Burlington Northern Santa Fe Corp. (NYSE:BNI) , the country's second-largest railroad, a government agency said Wednesday.

Berkshire Hathaway, billionaire investor Warren Buffett's investment vehicle, said earlier this month that it plans to boost its share to 25 percent, from 15 percent, according to a regulatory filing by Burlington Northern.

 

[Hacp]

Originally posted by: Blackjack200
Agreed, it's like asking Barry Bonds to comment on the physics of baseball. The guy's just a good hitter.

What? Didn't Buffet go to Columbia and get a Business or Economics degree there? I'm sure Barry never graduated college with a degree in physics.