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 Central Economic Work Conference has concluded in Beijing, announcing that proactive fiscal policies and prudent monetary policies wil...
-
A majority of listed firms that have released preliminary reports expect to perform better in 2013, the Shanghai Securities News reported ...
-
http://www.imf.org/external/np/ms/2015/040115a.htm
-
Short positions in oil stocks fail to show signs of slowdown
-
Greek consumer prices fell 0.7 percent in July, with the annual pace of deflation decelerating from a 1.1 percent fall in June, data from...
-
China’s biggest ecommerce company is making a huge investment in the nation’s top video streaming site, it emerged this afternoon. Ecommer...
-
"The rapid drop in U.S. unemployment will make re-crafting the Federal Reserve's easy-money promise a top priority for new Chair J...
-
Don’t have a mobile-friendly site yet? Debating the value of developing a mobile app? This guide’s for you. Consider that 51% of mobile ...
-
Oil companies’ profits hit by quest for crude price exposure - BNN News Oil Major´s margins,suffering with low oil prices.
