| Squanderville versus Thriftville (Warren Buffet) ^ |
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| Posted by dennisw On News/Activism ^ 01/07/2004 11:35:03 PM EST with 15 comments fortune ^ | oct 2003 | Warren Buffet By Warren E. Buffett, FORTUNE I'm about to deliver a warning regarding the U.S. trade deficit and also suggest a remedy for the problem. But first I need to mention two reasons you might want to be skeptical about what I say. To begin, my forecasting record with respect to macroeconomics is far from inspiring. For example, over the past two decades I was excessively fearful of inflation. More to the point at hand, I started way back in 1987 to publicly worry about our mounting trade deficits -- and, as you know, we've not only survived but also thrived.... |
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Wow, the import credit idea is pretty good!