Sunday, March 01, 2009

Buffet Missed the Memo

Buffet didn't get the Obama memo telling the media that the word "inflation" is off limits. You'll have to read the UK Reuters to get this info.

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But Buffett said that with the U.S. Federal Reserve and Treasury Department going "all in" to jump-start an economy shrinking at the fastest pace since 1982, "once-unthinkable dosages" of stimulus will likely spur an "onslaught" of inflation, an enemy of fixed-income investors.

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