jeudi 19 septembre 2013

Buffett Says Federal Reserve Is Greatest Hedge Fund in History

$85 billion of bonds a month

Billionaire investor Warren Buffett compared the U.S. Federal Reserve to a hedge fund because of the central bank’s ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion.

“The Fed is the greatest hedge fund in history,” Buffett told students at Georgetown University in Washington.

It’s generating “$80 billion or $90 billion a year probably” in revenue for the U.S. government, he said. “And that wasn’t the case a few years back.”

Read more... Chairman Ben S. Bernanke and other Fed policy makers

Aucun commentaire:

Enregistrer un commentaire