Were they in this? That doesn’t sound like Buffet’s style. I could be wrong.
I think this has been baked into the numbers for more than a year. The bigger concern is it shows how crazy the Chinese economy really is. Internationally, all of this stuff is intertwined—and “When China catches a cold…the west gets the flu.” Ha Ha—we all know how THAT turns out.
Around here I see Berkshire Hathaway Commercial real estate signs all over the place but no renters. Big Malls and strip malls store fronts are empty................