Warren Buffett just said he's not worried about Fitch's downgrade of the US credit rating
Warren Buffett just said he's not worried about Fitch's downgrade of the US credit rating
Warren Buffett shrugged off Fitch's U.S. downgrade, noting it doesn't change what his conglomerate, Berkshire Hathaway, is doing at the moment.
“There are some things people shouldn’t worry about,” he said. “This is one.”
“Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC.
Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar
I'm not saying he's not right, but I would very much expect anyone with $20 billion+ in US Treasury bonds to say everything is fine with the Treasury.
Hmm, Hugely invested in the treasury, trying to positively influence the market. Do I detect bias?
I've never heard of Fitch before. What does this mean?
With the way the Republicans are running the house I don't see them making a good case to win 2024. It's why Buffet is not scared. Besides, Buffet might not last that long.