amadeus
Bishop of Bio-Dome
But this time there isn't going to be a speculative bubble!But people are mad the banks aren't lending enough![]()


But this time there isn't going to be a speculative bubble!But people are mad the banks aren't lending enough![]()
But this time there isn't going to be a speculative bubble!![]()
![]()
It's best to do like Tim Geithner and not think about it.![]()
Amadeus,
You cannot dismiss Buffett's expert status when it comes to financial matters. I have been reading his company's annual reports for a very long time, and he is almost always grappling with Macroeconomic issues along with the focusing on his companies, because his companies are so intertwined with the US Economy! Berkshire has been a huge success not just because of Buffett but because of the team he has put together. I cannot believe you are flippantly ignoring Buffett's thoughts simply because he isn't a macroeconomist. Macroeconomists thought their pretty Bellman Equations and neo-RBC models could accurately predict a dynamic system. They don't, and that should be the first lesson any student of macro picks up in graduate work.
Where have I, or other shareholders, gone wrong in heeding Buffett's advice in say, the last 20 years? The returns we have gotten from his businesses have been better than any comparable average or index!
But this time there isn't going to be a speculative bubble!![]()
![]()
cmon Jericho, you're better than this.
If by authority you mean someone who has applied relevant knowledge to achieving consistently impressive results.Well La-Tee-Dah!
On the one hand you've grown tired of defending yourself and reputation based on other economists, but now you're using an appeal to authority...cmon Jericho, you're better than this.
If by authority you mean someone who has applied relevant knowledge to achieving consistently impressive results.
Which says nothing on administering fiscal policy to benefit the nation as a whole.
I damn sure wouldn't turn down lady advice from Derek (Best List Ever) Jeter.
Nothing? There is nothing in Buffet's history and demonstrated skillset that might set his opinion as more credible on the subject than the average blowhard?Which says nothing on administering fiscal policy to benefit the nation as a whole.
I love being taken out of context. Thanks, Ziggy.I'm with Amadeus.
Since I don't know you fellers and don't know any of your resumes (and can't trust you when you post 'em) I agree with Amadeus you should all shut the hell up about a. the economy, b. measures taken by the government regarding the economy.
And when I say "You" I mean "you ... me ... everybody ... everybody"
Nothing? There is nothing in Buffet's history and demonstrated skillset that might set his opinion as more credible on the subject than the average blowhard?
This; Buffett is incredibly intelligent and a genius with making money, nobody denies that... but as I was saying, I don't see him (or for that matter, anyone) as the absolute authority on what policies are going to work.I don't pay attention to average blowhards but I also don't think that "That's the bottom line because Warren Buffet said so" is a compelling reason to credit the administration with doing the right thing.