Even Warren Buffett admits another 2008 meltdown is in the cards

[classhandicapper]

http://www.forbes.com/sites/robertlenzner/2014/04/30/seking-shelter-warren-buffett-limits-receivables-from-major-banks/?partner=yahootix

[fast4522]

This thread is just too interesting to let go, another wake up call is soon to occur.

[MikeH]

"Buffett is reflecting a more generally accepted opinion held by central bankers that poor, incomplete or very limited information about the major banks is available to the public. Former Fed Governor Kevin Warsh admitted recently that ” Investors can’t truly understand the nature and quality of the assets and liabilities. They can’t readily assess the reliability of the capital to offset losses. They can’t assess the underlying sources of the firm’s profits. The disclosure obfuscates more than it informs, and the government is not just permitting it but seems to be encouraging it,” Warsh said recently."

When this happens, the accounting profession (of which I am a part of) has failed the investor miserably.

[JustRalph]

Buffett is buying up Real Estate companies all over the country.......why?

[fast4522]

They are going to jack interest rates, so the interest on the national debt goes up big time as well. Buffett is a shrewd investor, he is obviously several moves ahead but I fail to see his logic.


http://www.foxnews.com/opinion/2014/05/13/what-federal-reserve-chairwoman-yellen-knows-about-deficit-and-should-too/?intcmp=related

[RunForTheRoses]

The political, socioeconomic effects of FED(a private? quasi-private\institution?) actions have definite impact. I passed by a bank the other day offering 1.04% on a CD. 1.04%? With inflation at least in the3% range if not higher? Who benefits in regard to borrowing and lending?