When people with a lot of investments, who are not otherwise facing some immediate cost… literally cash them out, and hold cash, as Buffet has done /is doing…
That means he is betting the losses from inflation will be less than the losses from those other investments tanking.
That means Buffet is roughly predicting something like a -2 or -3 % (or worse) Q1 25 GDP ‘growth’… ie, general economic decline.
You got it.
When people with a lot of investments, who are not otherwise facing some immediate cost… literally cash them out, and hold cash, as Buffet has done /is doing…
That means he is betting the losses from inflation will be less than the losses from those other investments tanking.
That means Buffet is roughly predicting something like a -2 or -3 % (or worse) Q1 25 GDP ‘growth’… ie, general economic decline.