Liberal Forum

"Let the masses eat cake." Buffet laughed. "**** 'em."

Warren Buffet Selling $28.7 Billion in Stock Rings Alarm Bells Over Economy (msn.com)

Warren Buffett's firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023 in a move that some economists have interpreted as ringing alarm bells for the American economy. As Buffett is considered one of the greatest investors of all time, as well as one of America's richest men, his moves are closely observed and analyzed.For Steve H. Hanke, a professor of applied economics at Johns Hopkins University who served on President Ronald Reagan's Council of Economic Advisers, Buffett's and Berkshire Hathaway's "recent lightening up on stocks and accumulation of a pile of cash—$157 billion—is consistent with the fact that stocks are relatively pricey right now."But it's also, crucially, a sign "that a recession is right around the corner," Hanke told Newsweek."The money supply of the United States, broadly measured [M2], started contracting in July 2022, and has been falling like a stone," Hanke said. "Since last year, the U.S. money supply has contracted by 3.3 percent."According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38 and 1948-49—in which the money supply has had significant contractions.
"Each of those four episodes was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession."With the expectation of a recession, Hanke said, Buffett's recent moves "are classic Buffett."
  
 
 

massive inflation depression building up. monopolies will cover loss of sales by increasing prices. (lack of competition and control to supply chain) /// labor will have problems affording shelter and putting food on the table. monopoly lobbyist will control politicians. all the ducks are lined up. bang. bang. bang. buffet loves shooting ducks in a cage.

Buffett is moving money around while stock piling his families fallout shelter.

Punch » 12 Dec 2023, 1:51 am » wrote: ↑

12 Dec 2023, 1:51 am

"Let the masses eat cake." Buffet laughed. "**** 'em."

Warren Buffet Selling $28.7 Billion in Stock Rings Alarm Bells Over Economy (msn.com)

Warren Buffett's firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023 in a move that some economists have interpreted as ringing alarm bells for the American economy. As Buffett is considered one of the greatest investors of all time, as well as one of America's richest men, his moves are closely observed and analyzed.For Steve H. Hanke, a professor of applied economics at Johns Hopkins University who served on President Ronald Reagan's Council of Economic Advisers, Buffett's and Berkshire Hathaway's "recent lightening up on stocks and accumulation of a pile of cash—$157 billion—is consistent with the fact that stocks are relatively pricey right now."But it's also, crucially, a sign "that a recession is right around the corner," Hanke told Newsweek."The money supply of the United States, broadly measured [M2], started contracting in July 2022, and has been falling like a stone," Hanke said. "Since last year, the U.S. money supply has contracted by 3.3 percent."According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38 and 1948-49—in which the money supply has had significant contractions.
"Each of those four episodes was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession."With the expectation of a recession, Hanke said, Buffett's recent moves "are classic Buffett."
 

Oh Lord, why are people such idiots.  Maybe, JUST MAYBE, 93 year old Warren Buffett is liquidating enough assets while he is still mentally capable of determining the best way to do so, in order to amass enough liquid funds for his estate to pay the HUGE estate tax after his inevitable and likely near demise.

Why do wonky Economists always seem to ignore the obvious?
 

Punch » 12 Dec 2023, 1:51 am » wrote: ↑

12 Dec 2023, 1:51 am

"Let the masses eat cake." Buffet laughed. "**** 'em."

Warren Buffet Selling $28.7 Billion in Stock Rings Alarm Bells Over Economy (msn.com)

Warren Buffett's firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023 in a move that some economists have interpreted as ringing alarm bells for the American economy. As Buffett is considered one of the greatest investors of all time, as well as one of America's richest men, his moves are closely observed and analyzed.For Steve H. Hanke, a professor of applied economics at Johns Hopkins University who served on President Ronald Reagan's Council of Economic Advisers, Buffett's and Berkshire Hathaway's "recent lightening up on stocks and accumulation of a pile of cash—$157 billion—is consistent with the fact that stocks are relatively pricey right now."But it's also, crucially, a sign "that a recession is right around the corner," Hanke told Newsweek."The money supply of the United States, broadly measured [M2], started contracting in July 2022, and has been falling like a stone," Hanke said. "Since last year, the U.S. money supply has contracted by 3.3 percent."According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38 and 1948-49—in which the money supply has had significant contractions.
"Each of those four episodes was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession."With the expectation of a recession, Hanke said, Buffett's recent moves "are classic Buffett."

I COMPLETELY believe that Warren Buffet is CORRECT... the guy is VERY SELDOM wrong, his "Buffet Indicator" looks like it might be at an all time HIGH again... which is a double peak... the Market itself is having a double top... and numerous other indicators have been trending down... ALL NOT GOOD for the economic outlook.

HOWEVER... YOU believe what you want !!

Bottom Line, America will have a recession, MAYBE need to address some of their DEBT issues, but will come ROARING back... and why?

1.  America is STILL the Strongest Economy in the world !
2.  America holds as much or MORE GOLD in RESERVE as ANY other nation in the world ! and
3.  America is STILL the STRONGEST NATION, top to bottom, of any country in the WORLD... and WILL recover !