Hey Clown - Seems Buffet agrees with you.
Buffett Says Avoid Long-Term Bonds Tied to Eroding Dollar
noir.bloomberg.com
From the article:"...“I would recommend against buying long-term fixed-dollar investments,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said today in New Delhi. “If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.” ..."
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"...“I would much rather own businesses,” he said. “It’s very easy to take away the value of fixed-dollar investments.” ..."
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By the way, Buffet is in India looking for companies to buy.
Been raising some Clown $'s to buy more companies too.
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Did the Fed signal today the end of QE2?
Gold falls as dollar rises, Fed comments weigh
reuters.com
"...Members of the more hawkish wing of the Fed, led by Philadelphia Fed Bank President Charles Plosser, said the central bank will have to reverse its easy money policy in the "not-too-distant future" to avoid sowing the seeds of inflation as the U.S. economy is now on firmer footing...."
If so, market may correct 10% or more. Lots of cross currents.
Bozo |
