Warren Buffet Seems Perplexed. Won’t Somebody Help Warren Out?

It's not an easy business? --Warren Buffect got into Insurance because he saw that it was a super easy business especially if you had two cents of knowledge and patience regarding how you invested the "float"

I think it is because many factors but the biggest is wealth and income concentration.
People have jobs, but they aren’t making much, so they aren’t consuming much so little inflation.
People have jobs but only because government is running trillion dollar deficits. Take the deficits away and the low paying jobs go away.
Interest rates are not rising because inflation is low and globally helicopter money is being printed at trillions of dollars each year.
So this is the end stages of the most recent bubble being used to keep the economy afloat but all the while, incomes and wealth get more and more concentrated into the hands of just a very few and less and less is available for everyone else.
And it works until it stops working.
Eventually the bubble pops, the ponzi scheme of income and wealth generated by deficit financing and money printing no longer works and then we have our next Minsky Moment, black swan event, economic collapse.
But this one will be the mother of all collapses because, beneath the hood, the real economy is shit. Little real production, declining work force capabilities, little investment in real things.
And this argues that the next collapse will be the final and rapid collapse of the American Empire. Seemingly overnight, the reigns of economic and global power will be transferred to someone else, either that or it will be a gloabal collapse with a dark ages event on the horizon.

We tend not to hand out compliments like this on Jow Forums. You’re bringing the whole board down

We dont have little inflation, they simply ignore the massive inflation in stock prices, healthcare costs, and other assets.

The US has been exporting our inflation. The reason it has worked up to this point is because every other economy has been doing the same thing as us, we’re just better at it.

He simply doesn't understand that fiat money is a meme, it doesn't adhere to whatever rules one thinks applies to it, so long as people keep using it and don't lose faith in it, it will continue. If it was tied to a real material asset sure it might have to follow some rules but when you are dealing with faith and "magic" no rules apply.

Yes and no
It’s call consumer inflation. You don’t consume stocks.
But yes, the CPI is adjusted in ways that understate real increases in living costs. For example, car inflation is very low over last 20 years because things that once were costly options are now standard. But you have no choice but to buy a new car with a/c and electric windows and door locks, so any new car that a consumer is going to buy will cost much more today than the official stats indicate. And these stats are used in calculating the CPI.

Maybe just maybe it’s because we believe in ourselves again Warren.

Housing market inflation

food cost inflation

Wages are less than before but houses are 10x the cost and food is 4x etc

Buffet always reminds me of the CEO of a company I worked for.
>went to college in the 70s for engineering
>thought he knew about everything and nothing changed really
>always asked some questions about unimportant details "is there are reason you used arial as a font?"
>decoupled from reality: "we did things like that in two weeks" or "why can't we do it like google or tesla?"

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Buffett be right though. This shit is not sustainable. Sooner or later there is going to be a big correction and everyone is going to get fucked. Our modern economy is built on a foundation of sand

>Warren "Buffet"
>Be American
>Be named after a type of meal

Poetry

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Real deep thinker there.

because 'full employment' means everyone is working, they're just working in the service sector for $8 an hour thanks to outsourcing all the meaningful work to the third world, and importing spics to work all the meaningful domestic jobs that used to pay a lot

Use the fake money to acquire tangible assets. The Ed.

feel free to explain the basis of your reasoning. I see the retirement of the boomers and a rise in populism leading to a new golden age

We really don’t. Other people make most of the consumer goods and commercial equipment that we use. We are blessed with food and energy. But, strip out the industrial military complex and our goods producing sector is small, and Boeing isn’t helping.

>Magik*

Ftfy.

why would it teach anything else

Because America produces so much and does so well you can absorb the dead-weight of niggers and illegals.

Contrast here where even a simple food shopping trip is 200 CHF because we produce things but only in small amounts with limited reach.

Think about this: anywhere you go on Earth, even in the wilds of Africa, you can see Coke. The fact that you have penetrated the entire world market with your brands is indicative of your reach, to say nothing of the fact you have enough farm capacity to feed the world and access to virtually every rare/necessary resource.

this.
as long as the rest of the world is an even shittier place to put your money, the US will reap the rewards of the rest of the worlds inability to in2 the ecomony

>FIAT system is not sustainable
Wow, i'm glad we have experts to tell us this because i was 100% sure it would work forever this time even though it has failed over and over again for over 1 millennia.

It's because our military is alone in power, projection, and scope. The entire global market is indebted to our Navy and Air Force to protect their shit. The entire rest of the world combined could not take up the slack if our military forces went away, and piracy/terrorism would spring forward like a hyper version of the piracy in the 1500s-1800s. Even China's economy is wholly dependent on the USN.

Steel is master of them all.

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Is Warren Buffet actually a moron?

How could he not see the state is being bled?

bingo

reminder that buffett got some fancy pants award from obama for being spedshul. buffett enjoys govt regulations raising barriers to entry. the housing crash had beeshire hathaway, buffett's company, buy up all this realestate and various re agencies on the cheap. tesla getting into insurance is competition.

reminder that based musk wanted to cut out the dealership jew middleman and got cockblocked by govt laws against direct auto sales. now he wants to cut out the insurance jew for his customers

It gets cold and hot here
We're also very full

The money system and fractional reserve banking. This is like introductory to pol shit

>golden age
I’ve tried to run the numbers and come up with a golden age best case scenario, but honestly, the numbers just do not work.
Even with jobs growth and income growth, this contribution to creating a balanced and sustainable economic golden age is puny compared to deficit growth and interest costs on deficit growth. In other words, it is unlikely we are going to be able to grow out of our excesses, but will need to keep adding to them just to keep the system going.

China with their slave workers is distrupting the "normal" economic situation because normally we wouldn't have the same kind of slaves that China has.

>the Jews told me they would crash everything in 2016 and now Trump isn't doing that huh so strange