WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Wednesday, October 6, 2010

Warren Buffett : The Economy is Coming Back

Warren Buffett : as long as we issue debt in our own currency , the only thing we have to worry about is the printing press breaking down ...you can't go broke if you issue debt in your own currency ...but sixteen countries (The Eurozone ) gave up the right to do that , if Greece can print its own currency , you might have an enormous inflation but you would never have a default on debt...so now you have sixteen countries who have bound themselves to synchronized and somewhat consistent fiscal policies in order to have this monetary union work ...and that is a big problem....

WARREN BUFFETT BLOG

WARREN BUFFETT BLOG