Buffet on the Economy
Firearm & Gun Forum - FireArmsTalk.com > General Discussion Forums > The Club House > Buffet on the Economy

Reply
 
LinkBack Thread Tools Display Modes
Old 08-20-2009, 10:50 PM   #1
Feedback Score: 0 reviews
 
Caliche's Avatar
 
Join Date: Apr 2009
Posts: 85
Default Buffet on the Economy

When Warren Buffet speaks on the economy, I tend to listen. Some rather disturbing facts from the mouth of a rather successful businessman.

Waren Buffet on Current Economy

__________________

"I have always felt that a politician is to be judged by the animosities he excites among his opponents." - Winston Churchill

"If everyone is thinking alike, someone isn't thinking." - General George S. Patton

Caliche is offline  
 
Reply With Quote

Join FirearmsTalk.com Today - It's Free!

Are you a firearms enthusiast? Then we hope you will join the community. You will gain access to post, create threads, private message, upload images, join groups and more.

Firearms Talk is owned and operated by fellow firearms enthusiasts. We strive to offer a non-commercial community to learn and share information.

Join FirearmsTalk.com Today! - Click Here


Old 08-20-2009, 11:19 PM   #2
Feedback Score: 0 reviews
 
mpd8488's Avatar
 
Join Date: Nov 2008
Posts: 245
Liked 1 Times on 1 Posts

Default

It's really tough to find the appropriate time to cut spending/raise taxes after implementing a stimulus plan. Do it too soon and we the economy takes another nose dive. If we wait too long the mounting debt could harm the dollar and the U.S.'s credit, which would in turn destabilize the world's economy again.

The U.S. has never defaulted on a loan, which is why the U.S. treasury bonds are the standard of comparison for basically everything (and to think before Bush took office economists were concerned that the national debt was going to shrink to zero, which could have destabilized the world economy because there would be no treasury bonds). As high as it is we aren't in crisis mode yet with the debt. Other nations aren't stupid enough to recal U.S. debt. It needs to be addressed sooner rather than later, but realistically in my opinion we should probably wait until consumer sentiment rebounds a bit or we risk undoing any progress the economy has made.

__________________
mpd8488 is offline  
 
Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Firearms Forum Replies Last Post
Economy fixed. skullcrusher Politics, Religion and Controversy 9 04-03-2009 01:48 AM
The Economy - Another View Dillinger The Club House 7 03-11-2009 05:49 PM
More news for the economy! Bigcountry02 Politics, Religion and Controversy 0 01-16-2009 05:17 PM
Fred on the economy Chester The Club House 1 12-20-2008 01:16 AM
8 min about economy adamhome The Club House 0 12-08-2008 09:35 PM