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Many in finance think we're headed for deflation. If that's the case, dumping equities for cash is a sensible move. He may be expecting chaos in the banking sec
by dilandau 6y ago
Many in finance think we're headed for deflation. If that's the case, dumping equities for cash is a sensible move. He may be expecting chaos in the banking sector as bankruptcies roll in, and these mortgage fund fraud allegations gain traction.
It's going to be a wild decade. Watch the government use this to vastly expand surveillance powers, too. Not going to be good for the average American.
- mxschumacher 6y agoThe positions in GS and WFC have been reduced over the last few quarters, these sales should not be interpreted as "dumping equity" - besides the large private holdings (insurance, rail, energy, lots of manufacturing, retail etc), Berkshire still holds $200bn worth of equity.
- gruez 6y ago>Many in finance think we're headed for deflation Is that really a problem, considering it can be combated with money printing?
- magicsmoke 6y agoIsn't the Fed supposed to print as much money as necessary to ensure positive inflation?
- MiroF 6y ago> Many in finance think we're headed for deflation Pshh - not as long as we have a central bank.
- altmind 6y ago> Many in finance think we're headed for deflation. More in the firnance think we're headed for inflation. as soon as money leave equities/deriv markets.