PS

- Oh Mod. it could be that Mr. Buffet is preparing for a crash and that he is preparing for a Trump-victory-expectations-recovery, in which case he could also make use of his fast available 180+ bn $.

My better term-question: You have answered by now: You too think think Mr. Buffet is preparing for a crash, so...

PS: "It's the 'broken window fallacy', not 'broken window theory'. The idea that breaking windows makes people richer because some get paid money for replacing those windows."

Right, M. I do get that it's a fallacy, so I should have called it that. As a theory, it's completely wrong.


Dieter, I'm not sure what you meant by the "what would be a better term than a crash" part? Yeah, I think Buffett is expecting a crash. I guess with his money, he'll be OK no matter what happens, but for most people, trying to buy assets when "blood is in the streets" is not what they'll be up to at that point.

PS
Mod. - what would be better term than crash then? - No growth period? - But then why hold money in short term assets? -

- Maybe he is waiting for the Trump-effect - kickin' in at around june/july when it gets overwhelmingly clear that Trump will win the prsidential election - and that the courts can't stop that.

PS
It's the 'broken window fallacy', not 'broken window theory'. The idea that breaking windows makes people richer because some get paid money for replacing those windows.

It's a fallacy because of the invisible (or not so) cost: what you could have done with that money instead.

Whatever else you would have used it for is almost certainly going to make you happier (and possibly richer) than replacing a perfectly good window. Having to do that puts you back to zero, i.e. what you had before.

But people don't think about costs, so they think that employing people to dig holes and fill them up again is a good use of tax money.

PS: Old Soldier, the guy looked like he should have known better. I have no idea what he thought about that story - he may have been watching to get financial advice or garner his own ideas on what to do with his money.

Speaking of that, I watched Mr. Kief's clip about Warren Buffet and his holding onto $189 Billion in "cash" (actually, per the clip, short-term Treasury Bonds, but the idea is that it's something he can spend with little effort.) I normally don't like any of that financial "do this or that with your money" stuff, but this was pretty good. The graphs showing Buffet's inverted 2 yr bond yield / 10 yr bond yield graph (inverted meaning 10 yr bonds have lower yields) predicting recessions was uncanny.

Now, do I care about this as far as my assets go? No, I know long term high inflation is what one must thing about above all. It hurts people who are trying to be budding Buffetts, but just want their life of labor to accumulate to some spending ability later in their lives. With inflation this is not simple.

Finally, Mr. Kief, I thought about that - if the headline had said "weakening market" or "weakening stock market" then I'd have figured the idea of the story was what you said.

PS: Oh, I DO remember lots of talk about that Cloward-Pivens strategy from the right, J1234. IIRC, that was about the time of Øb☭ma's first term. Just because people on the right have forgotten or never known the term doesn't mean the principles aren't being practiced.

"Not to be confused with..." Ha. So the Wiki writer/editor is telling us "No, don't think like that. You're getting too close to .. the truth or something."

PS: One advantage Americans had during GD 1.0, Alarmist, was that the currency was still linked to gold, for part of the time, until Roosevelt's not-all-that-successful confiscation. Americans who do keep some decent jobs now are still losing out steadily. (Then there was the factor of rural economic self-dependence back 90 years ago, that is not much of a thing now outside the Prepper community.)

Indeed, Adam. It's most definitely a boost if the windows get broken. "Broken Windows" theory? Anyone? Anyone.... Bueller? Air bags can do this, as I learned - I need to not try to teach people how to drive - long story ...

PS
Warren Buffet seems to prepare for a crash: He sits on 189 bn Dollares right now!

https://www.youtube.com/watch?v=xWeK-Yj9hYI

PS
Simplest solution: It might have been a call to - moderately - rise interest rates to lower the inflation rates.

PS
AP, CBS, NBC, PBS, Fox, ABC, Reuters, Yahoo, the New York Times, the Washington Post. Most Americans don't view any of them as "news outlets" because all they publish are "stories." Those outlets long ago stopped reporting truthful news and are all now solely in the business of managing narratives that keep Biden's idiocy going. And those narratives invariably bolster the latest National Socialist agenda.

And honestly, it doesn’t matter how bad Biden's economy is. The ridiculous media won't blame him for ANYTHING so the majority of the idiots in this country are gonna continue to believe the BS...and vote for more idiocy including Biden.

PS-

"Weakening Economy a Good Thing?"

---

Maybe it is...from the perspective of the Cloward-Pivens strategy?

According to wiki: "The strategy aims to...facilitate a 'political crisis' by overloading the welfare system via an increase in welfare claims, forcing the creation of a system of guaranteed minimum income and "redistributing income through the federal government."


Professors (of Social Work) Cloward and Piven "proposed to create a crisis in the current welfare system – by exploiting the gap between welfare law and practice – that would ultimately bring about its collapse and replace it with a system of guaranteed annual income. They hoped to accomplish this end by informing the poor of their rights to welfare assistance, encouraging them to apply for benefits and, in effect, overloading an already overburdened bureaucracy."

As if that wasn't funny enough, the wiki article warns that the strategy "...is not to be confused with Communist revolution, White genocide conspiracy theory, Cultural Marxism, or Kalergi plan."

"Not to be confused with"...yet incorporating most or all of those things.


https://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy

PS: Car crashes are good for the economy. ☮️

PS

Sure, and the Great Depression 1.0 wasn’t so bad for those who kept their jobs.