In 1984, the Berkshire Hathaway CEO took to the pages of the Washington Post to decry America's ballooning deficit — and its worrying ramifications on bonds, interest rates, and inflation
What makes this very interesting is despite his misgivings and the explanation of why these high 'real' rates were not in fact that attractive, this was the time to go the long bond. Just goes to show that nobody can predict the future of interest rates.
Greatest line ever "While digging around in the Omaha World-Herald’s digital archives over the weekend, I came acros..." that's why I keep reading this wonderful substack
What makes this very interesting is despite his misgivings and the explanation of why these high 'real' rates were not in fact that attractive, this was the time to go the long bond. Just goes to show that nobody can predict the future of interest rates.
Makes me feel better about some of my own wayward predictions over the years!
Greatest line ever "While digging around in the Omaha World-Herald’s digital archives over the weekend, I came acros..." that's why I keep reading this wonderful substack
Haha, thanks! 🤣 Much appreciated :)
Brilliant 💡