Warren Buffet Predicts U.S. Dollar To Keep Falling
Posted Thursday, May 22nd, 2008 at 2:04 pm
Legendary stock investor Warren Buffett had a grim warning for dollar bulls yesterday. At a news conference in Madrid on Wednesday, Buffett was quoted as saying by Reuters UK:
The dollar will decline in value. That’s not a 20-year prediction or a 2-year prediction. The same policies that have obviously resulted in a deterioration in the value of the dollar will produce some more results…
It looks at the present time like those same policies are being continued, so I would expect, unless we have a major change, that the dollar will decline in value over a long period of time.
Photo by soopahtoe, stock.xchng
Source:
“UPDATE 1-Buffett says dollar will continue to fall”
Ben Harding
Reuters (UK), May 21, 2008
