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Warren Buffett just said he's not worried about Fitch's downgrade of the US credit rating (www.cnbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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“There are some things people shouldn’t worry about,” he said. “This is one.”

“Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC.

Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar

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[–] NounsAndWords 16 points 1 year ago (1 children)

I'm not saying he's not right, but I would very much expect anyone with $20 billion+ in US Treasury bonds to say everything is fine with the Treasury.

[–] PaulDevonUK 5 points 1 year ago

Hmm, Hugely invested in the treasury, trying to positively influence the market. Do I detect bias?