Yesterday a Dow Jones newswire story ran a headline claiming that billionaire investor Warren Buffett had said the dollar will be “worthless” if the current account deficit continues. But the story itself said something very different.
“If our current account deficit keeps running at present levels, the dollar I think is almost certain to be worth less five to ten years from now compared to other major currencies,” Buffett was quoted as telling a bunch of Canadians.
So had the Omaha Oracle really gone to a foreign land to declare worthless the currency of the land of the free? We have no idea. But this morning he went all Giselle on us and took it back, calling CNBC’s Becky Quick while he was on the air, to tell her that he was misquoted. The dollar is not going to be “worthless” he explained. It’s going to be “worth less.”
If you don’t pause between the two words, the terrorists win.
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Nothing can save the USD now with Hillary versus McCain.
No, it’s Obama vs. McCain. And it seems likely Obama will win. Maybe i should place the trade in inTrade…
Hope to god it’s Obama. Hillary wants to freeze mortgage rates by government mandate for FIVE YEARS. Obama’s response at the debate: that’s stupid, because it will make interest rates on NEW mortgages that people try to get go through the roof.
There’s a reason inflation-slayer Paul Voelcker has endorsed Obama – the guy “gets it” when it comes to economics. He’ll be very fiscally responsible.
I would have posted sooner on this, but I saw this picture then had to run to the bathroom to rub one out. Ahhh, Becky.
WEB hasn’t shown his mastery of trading FX. While he made $2B on his short dollar trade, he covered right before the dollar fell another 15-20%. I already think the dollar is due to rally, but now that WEB is back out beating the bearish drum, I’m more convinced than ever
she has that face of naughty relief like she -just- got the helmet head inside her butt but before the rest of the shaft is inserted, if i may be so bold
whatever the guy’s timing was off be he still had the trend and me made more money on that investment than most people will ever even get to run in a lifetime. if anything you should take it as a sign that the dollar is oversold because Buffet covered 20% ago.
Becky’s hair has gotten very large over the years.
I would like to squawk Becky’s box. I’m feel so ashamed. Sure, she may be a great journalist but let’s face it hetro guys, we all know we’re not interested in the latest chart about the dollar. We’d rather make ‘er hollah!
what exactly does “squawk”ing entail? i have never heard of that. give details! is it like space docking?
I envision it as bending her over a trading desk or some railing on the exchange floor pre-market (or her studio desk), lifting up her Gucci skirt, and having her yell out the names of firms and buy/sell recommendations while she’s banged harder than an iron worker flattening a roll of steel. I accomplish two goals at once: learning which stocks to invest for the day in while bangin’ Becky. Think of the ratings CNBC would get if they showed that! I’d buy that for a dollar!
@ 11:44
I think they have shows like that in Japan (maybe russia or germany too)
fook a 10 year recession and the damn japs are still light years ahead of us
Excellent. I’ll also need to interview Emily Chan when I get to Hong Kong. I bet being Asian her box hasn’t been squawked in a long time. She’s probably sick of all the “little” Asian guys. We all know it’s true!
http://www.gogomag.com/ec3/
@12:28PM
um emily chan?? you mean this one with the horse face:
http://www.cnbc.com/id/19722703/
you have an asian fetish or something. gross.
@12:28PM
um emily chan?? you mean this one with the horse face:
http://www.cnbc.com/id/19722703/
you have an asian fetish or something. gross.
Erin Burnett/Margaret Brenan ftw…
@12:28 gross dude how exactly do you “know it’s true” ?
it seems that Margaret Brennan has been sporting more of the low cut stuff from CNBCs wardrobe room lately. Maybe that’s why Erin can’t get her hands on any of it?
Erin overheard saying…”Damn…only turtlenecks left again!? That bitch!”
@12:55 Did you just wake up out of a coma? Ask your buddies about Asian guys – they’ll set your innocent probably Iowa-born cornfield fresh mind straight. Next you’ll probably be asking me how the birds and the bees work. Geez. You don’t work for UBS do ya?
What you are saying is that you look at a lot of Asian dicks? I can honestly say I have never seen one. But then I don’t make a point of going around looking at other dudes’ genitals.
@1:29 Don’t you check out the other guys at the gym, just to see how you compare. Tell me its not just gay guys who do that.
@GAnalYst no I don’t but apparently @1:12 does and I’m sure he would try to tell you he’s not gay (just insecure)
@1:58 Are you one of those guys at NYSC that doesn’t take off their towel until after they’re inside the shower and have the curtain closed. Its those same ones that, when they’re getting dressed, slide their underpants on with the towel still wrapped around them. What’s with that? Maybe you could explain?
Forgot to tag (in my excitement), but 2:04 = GAnalYst
@2:04 Just like in the Marines, keeping my eyes above the deck in the showers. I doubt you could handle it.
And no I have never been to NYSC I have a gym in my house.
@2:04 I guess they do they do that in the Marines so as not to get tempted. You’re right about me not being able to handle it. They told us the same thing in Catholic HS and I was a prime offender.
@1:29 I’ve never seen any Asian guys schlongs. But you can’t tell me that Asian guys are larger than American guys. You didn’t go to a school with a short yellow bus did ya? I think it’s just wonderful that the finance industry is *finally* offering opportunities to people like you. It’s long overdue. Most of your type just watch grass grow, bag my groceries, or test football helmets. Good for you!
@4:52 The implication is that asian guys are SMALLER than non-asians. Not the other way around, as you think. Who’s the grocery bagger here?
In response to the post from “Not long duk dong”, posted on Feb 07, 2008 12:28PM.
You’re too late, I was the first one to “squawked” her box when we were together @ USC.
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