Warren Buffett just said he's not worried about Fitch's downgrade of the US credit rating
“There are some things people shouldn’t worry about,” he said. “This is one.”
“Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC.
Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar
https://www.cnbc.com/2023/08/03/warren-buffett-says-hes-not-worried-about-fitchs-us-downgrade.htmlOpen linkView original on lemmy.ca
I'm not saying he's not right, but I would very much expect anyone with $20 billion+ in US Treasury bonds to say everything is fine with the Treasury.
Hmm, Hugely invested in the treasury, trying to positively influence the market. Do I detect bias?
I've never heard of Fitch before. What does this mean?
With the way the Republicans are running the house I don't see them making a good case to win 2024. It's why Buffet is not scared. Besides, Buffet might not last that long.