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The Oracle on Helicopter Ben: Buffett has complete faith in Bernanke's ability to unwind QE but...

The Oracle on Helicopter Ben: Buffett has complete faith in Bernanke's ability to unwind QE but notes that when rates rise "it's likely to be the shot-heard round the world." Both Berkshire and the country as a whole have "benefited significantly from what the Fed has done [but] the unwind [will be] more difficult than [the] buying." In the mean time, Buffett is entertained: "This is like watching a good movie … I don't know how it will end." (NY Times, WSJ)
Comments (6)
  • Leftfield
    , contributor
    Comments (3813) | Send Message
     
    Millions of used-to-haves Americans will not find the unwinding of QE and rising interest rates as entertaining as the 1% who have enjoyed the "movie" as their private losses and Wall Street bonuses were collectivized onto public balance sheets.

     

    Those public balance sheets that have bloated to unprecedented levels to support uneconomic interests and malinvestments cannot withstand rising interest rates once the QE teaser rates expire.
    5 May 2013, 12:19 AM Reply Like
  • Jeb Handwerger
    , contributor
    Comments (626) | Send Message
     
    "I don't know how it will end."

     

    Oh come on! You know how this ends!

     

    Those who do not learn from history or condemned to repeat it.

     

    http://seekingalpha.co...
    5 May 2013, 12:30 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    He knows how it will end..and he will be the first to be told when they will start ending it..so he can get out first...insider to the max
    5 May 2013, 01:19 PM Reply Like
  • Deney_Terrio
    , contributor
    Comments (246) | Send Message
     
    Am I in the wrong church? I thought this is the place where we worship Warren and Ben?
    6 May 2013, 01:25 PM Reply Like
  • taxman100
    , contributor
    Comments (284) | Send Message
     
    Buffet has a folksy image, but the guy is one of the biggest croney capitalists around. He knows we no longer have free enterprise system, which is why his lips have been on Obama's derriere the last 4+ years.

     

    Made him even filthier rich, if that is possible.
    7 May 2013, 01:06 AM Reply Like
  • Deney_Terrio
    , contributor
    Comments (246) | Send Message
     
    Taxman,
    You wrote, "Buffet has a folksy image, but the guy is one of the biggest croney capitalists around. He knows we no longer have free enterprise system, which is why his lips have been on Obama's derriere the last 4+ years."
    Your comment is just too, damn funny.
    7 May 2013, 10:35 AM Reply Like
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