| Warren Buffet, next treasury secretary nominated by McCain? | |
|---|---|
| Oct 4, 2008 12:50 |   |
 | According to Reuters, Senator John Mcain could pick Warren Buffett as one of the nominees for treasury secretary to succeed Hank Paulson. I am wondering if Warren Buffett is interested in McCain's offer as a hardcore demcrat and philanthropist who has announced to donate all his fortune to charity cause. And what does McCain wants, more funds for election campaine or something else? |
| Oct 5, 2008 10:22 | #1 |
| It couldn't work: politicians have a short term view and Warren Buffet is the ultimate long term investor. |
| Oct 5, 2008 22:39 | #2 |
| US financial crisis waves are spreading to the rest of the world. 200 billion of 700 billion rescue plan could be from Chinese Government, the second biggest US credit card issuer and will soon surpass Japan who is currently the biggest US creditor. If US announced bankrupcy, China would follow the suite coz it seems to have put too many chips on US treasury. |
| Oct 5, 2008 22:55 | #3 |
| US financial crisis waves are spreading to the rest of the world. 200 billion of 700 billion rescue plan could be from Chinese Government. Just now I read a piece of news and it said that China never released the news that it would take out 200 billion to help US deal with financial crisis. |
| Oct 6, 2008 07:57 | #4 |
| GUESTFRANCE001 | Europe followed a similar selloff in Asia, where the Nikkei 225 stock average in Tokyo fell 4.3 percent, while the Kospi index in Seoul fell 4.4 percent. The Standard and Poor’s/ASX 200 index in Sydney fell 3.3 percent, while the Hang Seng index in Hong Kong was down 6.3 percent. Nicholas Bibby, an economist in the Singapore office of Barclays Capital, said that falling share prices showed that many investors were still worried that banking difficulties might spread even after the passage of the financial bailout plan in Washington. “It’s a fear of contagion,” he said, while adding that Asian banks were better positioned than most to withstand the current problems because the region’s high savings rate tends to mean that Asian banks are net lenders in international money markets. Concerns about Asian exports have also been rising for months, as the region’s high savings rate means that it also has weak spending on consumption and remains heavily dependent on overseas demand. CFC Seymour, a Hong Kong securities firm, pointed out in an investment newsletter on Monday that even before recent problems in financial markets, the combined trade balance of Japan, South Korea, Taiwan, Thailand, Indonesia and the Philippines had gone from a surplus of $19 billion as recently as last October to a deficit of $2 billion in July. Only China is still running consistently large trade surpluses. The realignment in the currency markets that has lifted the dollar and yen against the euro continued, as investors worried about Europe’s banks and economic health and continued their flight to the apparent stability of Japan’s financial system. The euro fell to $1.3609 in Paris morning trading, from $1.3772 in New York late Friday. The dollar fell to 103.42 yen from 105.32, and the euro declined to 140.74 yen from 145.07. The Shanghai stock exchange, closed for the past week for China’s National Day holiday, reopened on Monday with the Shanghai A-share market down 3.5 percent. The China Securities Regulatory Commission announced on Sunday that it would experiment with the introduction of short-selling and trading on margin on a limited basis, but did not say when the trial would begin. |
| Oct 6, 2008 22:14 | #5 |
| Back on track. That might be a good idea. I am eager to see what Buffet can do about US economy. |
Post a Reply to: Warren Buffet, next treasury secretary nominated by McCain?
Copyright © 1998-2024 All rights reserved.