Billionaire investor Warren Buffett has compared the Federal Reserve to a hedge fund, as he supported keeping Ben Bernanke in charge of the US central bank. The 82-year-old, who has led Berkshire Hathaway for more than four decades, hailed the Fed's ability to make money from bond purchases as a result of quantitative easing, which in five years has more than tripled its balance sheet to more than $3.6trn. "The Fed is the greatest hedge-fund in history," he said, according to The Daily Telegraph.
Popular Posts
-
The WSJ reports,"global bond rates dropped to their lowest levels of the year Wednesday, as central bankers signaled their de...
-
The WSJ reports,"LaSalle Investment Management has raised $1 billion this year to invest in real-estate assets in Asia, in th...
-
According to a report from the Wall Street Journal,the nerves about emerging markets are clearly visible. Despite an aggressive over...
-
Nickel surged to a six-week peak on Thursday and copper prices touched their highest levels in more than four months on fund buying after ...
-
Imagine a future where your car is connected to the internet and not only sending a steady stream of data but also receiving signals to spe...
-
The human body clock is the curse of any shift worker or traveler arriving in a new time zone. Although one's body clock can be adju...
-
Beginning next month, Lamborghini’s successor to the outgoing Gallardo will be showcased to the world on a 60 city, 130 event tour. The ...
-
"World stocks and bonds had a second day of big gains on Wednesday, lifted by healthy U.S. data, moves by China to calm banking secto...
-
The European Commission told France and Italy on Monday to stick to their pledges to curb spending while reforming their economies, showin...
