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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (21125)	10/30/2024 11:33:46 AM
From: Kirk ©	2 Recommendations Recommended By Julius Wong the traveler Respond to of 26768

If you add that to the Dept of Education deficit spending to "forgive" student loans to buy votes... GDP would be a lot less. Burning furniture on the Titanic to stoke the engines for more speed into dangerous waters....

To: robert b furman who wrote (21125)	11/3/2024 10:51:01 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26768

Do you think Buffett is running something like the CLX or is aware of it with all the people managing his company? I calculate his cash position is 33% of market cap... I think typically it is 20%. finance.yahoo.com Market Cap (intraday) = $974.266B link.cnbc.com During the third quarter, Berkshire's already enormous cash pile increased by 17% to a record $325.2 billion. That's substantially more than the equity portfolio's value of roughly $285 billion. It is presumably the first time that has happened. Is Buffett worried about the health of the stock market or U.S. economy? Is he preparing to do a really, really big acquisition? Was the Apple position just too big? Is it all to avoid a potential future increase in capital gains taxes? We just don't know. I think we do know. He sees the irresponsible spending to buy votes will lead to higher corporate taxes, especially after the Trump tax cut expires, so he's raised cash to book profits and use to pay the taxes at the lower rate. Also being a democrat who hasn't endorsed Harris, I think he views a Trump win as also inflationary and bad for business if the tariffs are as large as promised. Personally, I wish politicians would say what they actually believe and will do rather than whatever BS they think the audience wants to hear to get their vote. It also shows why high taxes and uncertainty are bad for business. This is billions of private sector dollars that could go into the economy rather than making weapons or paying off student loans.