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Keyword: buyingpower

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  • Munger says prepare for harder world as buying power slides

    03/26/2015 6:56:13 AM PDT · by ckilmer · 12 replies
    theedgemarkets ^ | March 26, 2015 : 4:47 PM MYT
    Munger says prepare for harder world as buying power slides     | March 26, 2015 : 4:47 PM MYT    Share on facebook Share on twitter (Mar 26): Charles Munger, who became a billionaire while helping Warren Buffett build Berkshire Hathaway Inc., predicted it’s going to get tougher for consumers to maintain their standard of living in coming decades.“We should all be prepared for adjusting to a world that is harder,” Munger, 91, said Wednesday at an event in Los Angeles, in response to a question about the increase in the size of the Federal Reserve’s balance sheet since...