ain't no fortunate son

Berkshire + Burlington = Hypocrisy, Expediency and Full Dose of Ego?

My question was and is:

The entire discussion on the web has been about Buffett and Berkshire's motivations, and this isn't the first time he's come to the aid of the markets with his "patriotic" dealmaking. He did the same last year after Bear. BUT, the real mystery may be why did BNI spend all of about 30 seconds deciding to go for the deal? What did THEY know?

MidAmerican’s David Sokol on Housing Market: No “Green Shoots” Yet

Ravi, did you clear this article with Summers, Geithner or Bernanke before publishing it?

Or with Government Sachs? That "little" buy program they ran in the last 10 minutes of trading yesterday suggests you didn't... naughty naughty!

12 Notes on the Current Market Situation

And like it did in mid May of 2008 when it rallied back to 13,136 intraday - just exactly one year ago.

As I recall, it was on optimism that the banks were getting better and the economy would not enter a recession... Bush's stimulus checks would have us humming by the 2nd half of the year.

Hmmm....


On May 08 02:04 PM mrmillergd wrote:

> The market is blowing off underlying economic problems just like
> it did in summer 2007. I definitely am not buying in at current
> market levels.

Buffett's Import Certificates Plan Could Pilot the Economy to a Safe Landing

And what exactly do we export? Illegals? Everything else already got exported, which is one reason why we're in this mess in the first place.


On Jan 18 01:17 PM Howard Richman wrote:

> John Polomny,
>
> There is a very big difference between Import Certificates and Smoot-Hawley,
> and there is a very big difference between the 1929 depression and
> the 2008 recession.
>
> Import Certficates by a trade deficit country don't cause a trade
> war. They tie imports to exports. Any trade-surplus country that
> tries to counter the certificates by reducing its own imports of
> American goods finds that it is thereby reducing its exports.

>
>
> The 1929 depression was caused by a liquidity crisis; US trade was
> in surplus. The 2008 recession was caused by a financial crisis that
> resulted from imbalanced trade, a trade deficit of 5% of GDP. Any
> reduction in that deficit means that a greater percentage of US demand
> produces US income.
>
> Howard Richman