Low key bear
May. 24th, 2008 01:20 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
libertangoHere's the most circumspect piece of news I've seen on the US economy in a while, courtesy of the FT: Warren Buffett is in Europe shopping for companies to buy.
What does this tell us?
A while back, Buffett said he was "shorting the dollar" by investing in other currencies.
What the shopping trip tells me is,while up until now he's been satisfied with cash and taking the earnings in currency fluctuations, he's no longer content to keep his assets liquid over there. He thinks they're going to be there long enough that he might as well invest.
He could be wrong. But it ain't the way to bet. And, if so, then the US economy's long-term prospects are bleaker than usually covered.
What does this tell us?
A while back, Buffett said he was "shorting the dollar" by investing in other currencies.
What the shopping trip tells me is,while up until now he's been satisfied with cash and taking the earnings in currency fluctuations, he's no longer content to keep his assets liquid over there. He thinks they're going to be there long enough that he might as well invest.
He could be wrong. But it ain't the way to bet. And, if so, then the US economy's long-term prospects are bleaker than usually covered.
