Buffett: U.S. Trade Deficit Is a Threat
…”Right now, the rest of the world owns $3 trillion more of us than we own of them,” Buffett told business students and faculty Tuesday at the University of Nevada, Reno. “In my view, it will create political turmoil at some point. … Pretty soon, I think there will be a big adjustment,” he said without elaborating.
news.yahoo.com
January 19th, 2006 at 8:58 am
The incident with the Tokyo stock exchange is indicitive of what is going on. Those "in the know" have a pretty good idea of what is coming – there is a major reshuffling going on, and the desire to be in the right position when the global economy goes through this "big adjustment."