So what if Warren Buffett’s annual letter to shareholders says the economy will remain in a shambles through 2009 and probably beyond? We didn’t need the Oracle of Omaha to tell us things in the economy look ugly. However, when reading any good narrative, it is important to view the entire tome before drawing conclusions and here is where.
From the Northwest Quadrant attempts to be an ‘early warning’ blog on issues important to insurance investment professionals. As Harrisburg contemplates bankruptcy under Chapter 9 and a few other municipalities either have declared or are contemplating per the Wall Street Journal, let’s take a look at the Northwest Quadrant blog (still applicable) from March 1,.
We’re now hearing from politicos of all stripes about the potential to ‘nationalize’ some large US banks. Eventually, this may not be called ‘nationalization’ and instead may be called ‘rehabiliation’ or ‘restructuring’ or something similar…in advance of breaking those banks into smaller pieces and re-selling them in the public markets. In such a scenario, we fully expect.
With the Obama Administration rightly proposing a major fiscal stimulus – and probably not enough – analysts are expecting well over a $1 trillion deficit in this fiscal year…and probably higher in the succeeding year. The government can print money to fund these deficits, but it would much rather borrow (primarily from Japan and China). .