Business

460 readers

82 users here now

A place to share business news and insights.

Rules

Follow lemmy.world rules
Only post content related to business
Do not use this community to promote your business

founded 1 year ago

MODERATORS

odrel

jordanlund

Does Warren Buffett Know Something That We Don’t? Berkshire Hathaway is hoarding cash in a pattern seen before the financial crisis (www.wsj.com)

submitted 3 weeks ago by [email protected] to c/business

13 comments fedilink hide all child comments

top 13 comments

sorted by: hot top controversial new old

[–] MapleEngineer 65 points 3 weeks ago (1 children)

Trump is about to destroy the US economy and plunge the world into a deep depression.

[–] Rapidcreek 17 points 3 weeks ago

Answer to the first question in headline : Usually

Response to the second sentence in headline: Trump

[–] alleycat 15 points 3 weeks ago (1 children)

If you immediately start deporting a significant portion of your workforce, wouldn't that instantly result in an economic crisis?

[–] SquatDingloid 10 points 3 weeks ago (1 children)

Trump wants to get rid of all illegal immigrants, and as many legal immigrants as possible.

Even if it were just the illegal ones those are the people holding up 95% of our domestic agriculture and clothing industries.

[–] alleycat 3 points 3 weeks ago

[...] those are the people holding up 95% of our domestic agriculture[...]

Smells like famine. If not the US, then in developing countries because of increased US food imports.

[–] [email protected] 3 points 3 weeks ago

It's generally known that the economy growth slows under Republican administrations. US Economic Performance by Presidential Party

If you are pessimistic about the next 4 years, you may want to adjust your stocks for more cash reserves and/or rebuy into necessity stocks (food, utilities, etc)

Interestingly, the Wikipedia article notes good stock market returns under Rep. President + Rep. Congress. So take it or leave it.