WEB:The Oracle of Omaha- Warren Buffett: Buffett warns about trade deficits - says $700 bill possible
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» axolotl - Buffett warns about trade deficits - says $700 bill possible
in 2006. He says government debt does not worry him. I am concerned about both, Warren. Warren uses analogy that the USA is like a rich family that owns a hug farm the size of Texas and keeps selling off pieces - you don't notice how much it is adding up to. He says foreigners will own $15 trill one day - equal to size of current stock market. That is why I intuitively feel that Fortress America may be better, Warren, than Globalazation which I believe is mostly about cheap labor.-- posted by axolotl
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