INFLATION !!!
(well, no [bleeeep] sherlock)
1. "an onslaught of inflation" (page 5): "In poker terms, the Treasury and the Fed have gone “all in.” Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once-unthinkable dosages will almost certainly bring on unwelcome aftereffects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation."
2. An extraordinary Treasury bond bubble (page 18): "When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s. But the U.S. Treasury bond bubble of late 2008 may be regarded as almost equally extraordinary. "
(wait until the folks sell treauries en masse to collect their US peso's. They will have print more pesos by the gazillions.) This bond bubble will end far worse than any bubble we have ever seen.
From Buffets annual report
Started by
nimblebear
, Mar 04 2009 02:25 AM
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