I think rescue financing for relatively good companies with shorter dated maturities through some sort of pref/convert structure likely the first set of available opportunities should capital markets remain closed. For a real run of outright purchases where Berkshire has been largely absent for years, Id think we need to see stocks get a lot cheaper still and for sellers to wake up to the new reality. Id guess if/when S&P gets back to like 1500-2000 and the mood finally turns fearful he would be pretty active at larger scale acquisitions.
Jpegs obv
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Buffett is 92. The only thing you do at that age is eat pudding and wait to die.
3.85% Ten Year Yield
Regarding this dollar milkshake theory, if the dollar is such a deflationary vortex why does inflation still seem so bad in America?
The exchange rates do seem great for those Americans who are employed and want to travel, but in this scenario, shouldn’t commodities and finished goods prices be rapidly dropping relatively to the dollar with inflation becoming a problem only for other countries?
Like if Costa Rica needs dollars so bad, wouldn’t the coffee I buy from grocery store cost what it did in 2019 rather than 25% more?
Really kind of sucks that my kids are not at an age where I would take them to Europe and take advantage of our monetary supremacy.
He could also be a US senator.
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I think the answer to this is that economic theorists know a lot but they also don’t know a lot.
Their right-wing solution to soaring inflation was…. Tax cuts. Bold Strategy Cotton, let’s see how it works out for them!
We already saw. GBP falling off the cliff at the end was on a tax cut announcement.
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Honestly surprised more stuff isn’t breaking at this point.
Move from 1.4% to 3.9% yields within a year.
Yeah this feels like there will be serious pain.
isnt this just going to exasperate the housing shortage?
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Hard to know what to make of the rates they mention in the headlines. Anyone know what the actual 30yr mortgage rates are for a top, top borrower putting 20% down, etc? Like 6% now?
Thinking about the price of my new house:
At least I committed in 2021
I feel like the Great And Glorious Market may decide that the answer to 8% mortgage interest rates is 80 year mortgages that your kids inherit after you die. What could go wrong?