mongombolo's - deep penetrations - wednesday, page-13

Stand by I see QE3 on the horizon or is it the Titanic (a la CEB2)? Remember a big election campaign is about to start up and they will need to boost the engines.....


Buffett Says "Bet Heavily" Against Double Recession

July 8 (Bloomberg) -- Warren Buffett, chief executive officer of Berkshire Hathaway Inc., talks about the debt ceiling debate and the U.S. economy. Buffett, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses his views on acquisitions, the labor market and Todd Combs. (Source: Bloomberg)


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An older Video but nevertheless interesting from "the man". Bufett says that the difference between the US and countries like members of the EU and part of the Euro eg Greece, Italy, Spain is that they can print their own money being the reserve currency and is good to pay their own debt. So true!

The European money markets have begun to seize up as pressure mounts on the Italian and Spanish banking systems, tracking the pattern seen during the build-up towards the financial crisis in 2008.




BTW I personally know lots of people heading to the US this Summer - will bring in record tourists with a low USD - may help with retail figures etc = growth......haha:)