Quite a bit these days. Among other things he said this;
"What is required is a commander in chief that's looked at like a commander in chief in a time of war,"
He also said; ""Everything will be all right. We do have the greatest economic machine that's ever been created." That will be the basis for my next post.
http://ca.news.yahoo.com/s/capress/090309/business/buffett_economy
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There should be a revolt but it won't happen. Japan is very different because Japanese stuff their cash/gold bars into their mattresses or bury it in the backyard, literally. They don't trust the banks after what happened in the 90s. Also, they are an exporting country, like us, and want to see the Yen weaker than U.S.$'s.
It will be back to business as usual. What is disturbing to me is how the pharmas are merging. Reminds me of the big oils snapping the little ones up.
Yet another version of death . . .
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One day while he was at the track playing the ponies and all but losing his shirt, Mitch noticed a priest who stepped out onto the track and blessed the forehead of one of the horses lining up for the 4th race. Lo and behold, that horse -- a very long shot -- won the race.
Before the next race, as the horses began lining up, Mitch watched with interest the old priest step onto the track. Sure enough, as the 5th race horses came to the starting gate the priest made a blessing on the forehead of one of the horses.
Mitch made a beeline for a betting window and placed a small bet on the horse. Again, even though it was another long shot, the horse the priest had blessed won the race. He collected his winnings, and anxiously waited to see which horse the priest would bless for the 6th race. The priest again blessed a horse.
Mitch bet big on it, and it won. He was elated. As the races continued the priest kept blessing long shot horses, and each one ended up coming in first. Bye and bye, Mitch was pulling in some serious money. By the last race, he knew his wildest dreams were going to come true.
He made a quick dash to the ATM, withdrew all his savings, and awaited the priest's blessing that would tell him which horse to bet on. True to his pattern, the priest stepped onto the track for the last race and blessed the forehead of an old nag that was the longest shot of the day.
Mitch also observed the priest blessing the eyes, ears, and hooves of the old nag. He knew he had a winner and bet every cent he owned on the old nag, but then watched dumb founded as the old nag come in dead last. Mitch, in a state of shock, made his way down to the track area where the priest was.
Confronting the old priest he demanded, 'Father! What happened? All day long you blessed horses and they all won. Then in the last race, the horse you blessed lost by a Kentucky mile. Now, thanks to you I've lost every cent of my savings -- all of it!'
The priest nodded wisely and with sympathy. 'Son,' he said, 'that's the problem with you Protestants; you can't tell the difference between a simple blessing and last rites.'
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In keeping with C.One's posts re: Warren Buffet and E.F. Hutton, the only thing I surmise is that no one -- in the "know" -- doesn't have the slightest idea of what they are blabbering on about anymore.
Hence, some links to confuse you even further. It's all very complicated and confusing, so don't do what Mitch did in the joke -- bet it all away!
http://tinyurl.com/dzdk2g http://tinyurl.com/clufdn http://www.dailyreckoning.com/ http://tinyurl.com/b9xqr9 http://www.moneymorning.com/