Warren Buffett says no textbook could have predicted the strange economy we have today
Buffett highlights that unemployment remains so low, yet interest rates and inflation are not rising. At the same time the U.S. government continues to spend more money than it takes in.
These conditions are not sustainable for the long term, Buffett says.
No economics textbook I know that was written in the first couple of thousand years that discussed even the possibility that you could have this sort of situation continue and have all variables stay more or less the same, he says.
Good traders are usually right and EARLY. either bc or Jesse Lauriston Livermore said that.
Most likely Buffett knew what he was saying and we may have seen the end of a mega bull market. Only caveat is that neither bull or bear markets do not START with a major disaster. The most dramatic news come usually at the END of the move.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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