Marty From North Dakota

Buffett's Burlington Buy Is Really a Bet on China

Consumers in America will continue to need the staples that Walgreen's, Target and WalMart sell everyday. These staples are now made in Asia and will continue to be made there because the yuan rides down with U.S. green toilet paper, so there'll no longer be a currency advantage with declining dollars. Buffet's biggest challenge in the deal: changing the union culture deeply ingrained in the rail system. That culture is steeped in gaming a system built to protect rather than serve.