Unless the world falls apart over the next couple of years, it’ll be another bet that he’s won,” said Meyer Shields, an analyst at Keefe Bruyette & Woods.
It didn’t always look that way. Liabilities on the derivatives ballooned during the financial crisis and contributed to a first-quarter loss in 2009. Moody’s Investors Service and Fitch Ratings cited the contracts when they stripped Berkshire of its top credit grade that year.
The large derivatives book seemed at odds with Buffett’s earlier statements. In 2003, he called them “financial weapons of mass destruction,” a phrase that would later be cited during the credit crisis that forced some of the nation’s largest banks and American International Group Inc. to take government bailouts.
OBVIOUSLY, BUFFET WAS REFERING TO THE POTENTIAL FOR DISASTER WHEN USING DERIVATIVES.... BUT AS IS WELL KNOWN, BUFFET USES DERIVATIVES ON A DAILY BASIS.... AND AT ANY GIVEN TIME, OWNS TENS OF BILLIONS OF DOLLARS WORTH OF THEM! SO... NOW YOU CAN TELL THE WORLD THAT YOU ARGUED WITH WARREN BUFFET, HIMSELF.... AND LOST YET ANOTHER ARGUMENT!!!
Maybe all of those professional economists know something qbout economics that you right wingers do not know... Among other things, they probably know that most derivatives are offset by other derivatives and/or by real assets.... The value of one set of assets goes up, and the value of the derivatives go down... Or vice versa! mostly, these derivatives are hedges designed to reduce business risks. they could lead to catastrophe... But it would not be the derivatives that would be the cause of the economic catastrophe... A derivatives blow up would be the result of a general economic blow up.... A stock or bond market crash caused by right wing republican economic policies, for example!!!
So.... What you are telling everyone is that you have no idea how to trade stocks! Maybe you should put your wal-mart wages into something more secure, like short term us treasury bonds!!! even total idiots can make at least some money by investing in those, and you can even help fund the tax cuts of the billionaires who own all of the gold and silver and the stocks and bonds thereof! those guys know how to make money by ripping off the government and the public... Obviously you do not!
The reason why the west did not get snow and rainfall this winter is the Pacific Ocean has cooled, therefore no El-Niño is occurring. THE NORTHERN PACIFIC IS SUPPOSED TO BE COLD!!! MARK TWAIN MENTIONED SUMMERS IN SAN FRANCISCO.... THE COLDEST WINTER I EVER LIVED THROUGH WAS SUMMER IN SAN FRANCISCO..... OR SOMETHING LIKE THAT!!! MOST OF THE REST OF YOUR POST IS EQUALLY FULL OF BALONEY!!! YOU DENIERS REALLY NEED TO GET YOUR HEADS OUT OF YOUR AND LOOK AT THE WORLD THE WAY IT REALLY IS!!!
Gee.... I wish we had gotten at least a little bit of winter out here in the west!!! we got 2 inches of snow last week.... The first and only snow we have gotten since the first or second week of january! last week was colder here than at any time since the middle of january! the local ski resort opened a month and a half late.... And closed ater one month because of no snow in the 8,000 to 9,000 foot mountains.... Normally they get more than 10 feet of snow up at the top of those mountains.... This year they got 2 feet.... And it had all melted by early february.... 3 months earlier than normal!!! clobal cooling my #$%$!!! only total morons and other idiots would believe that the planet is cooling!!! farmers all ovedr the entire westn half of the usa are worried sick about yet another year of drought! california is making all the news, but at least a dozen western states are at least as bad off as california is.... Yet again! we are already having forest fires.... In march and april... Bedcause it is so dangerously dry! normally, we do not get many fires until at least june.... So this summer is very likely to be a total disaster!!! maybe you global warming deniers ought to sign up to be forest fire fighters.... If global cooling were happening, you would have an easy year... Making good money for doing almost nothing!!!
So... All the rest of us should discriminate against you because you are a self centered arrogant self righteous right wing republican jerk??? you right wing idiots are outnumbered about a hundred to one on this planet... So you would lose any real discrimination contest!!! AND IN A WORLD FULL OF POOR PEOPLE, MARXISTS WILL INEVITABLY DOMINATE THE PLANET.... BECAUSE THE ALTERNATIVE WOULD BE MASS SUICIDE FOR MOST OF THE PEOPLE ON THIS PLANET! CAPITALISM ONLY WORKS FOR THE VERY RICH!!!
So... your evidence for your libelous and slanderous statements are.... What??? oh... Wait.... You are just another delisional lying right winger, so it is perfectly ok to slander and libel people... Especially if they are liberals,,, or democrats... Or black people.... Or in holders case... All 3 of those things!!! right wing republicans... Destroying america one big lie at a time!!!
Wait to see if republicans win control of the senate! if republicans control both houses of congress, the dollar will plummet, because the big money people all over the world know that republicans are incompetent, and that the us economy will suffer terribly if republicans are in charge! that is what always happens, and until republicans grow up and start thinking and acting like adults, that is what will always happen!!!
I STRONGLY SUSPECT THAT GERMANS ARE A LOT SMARTER THAN YOU RIGHT WINGERS GIVE THEM CREDIT FOR!!! They may well have good reason to dislike the way the United States handles the world's and its own economy, including that trivial gold thing... BUT THERE IS NO WAY ON GOD'S GREEN EARTH THAT THE GERMAN'S WOULD ALIGN THEMSELVES WITH RUSSIA AND CHINA.... unless things got so bad that they HAD to do so just to survive!!!
HE SHORTED 10,000 SHARES AT 18 AND A QUARTER AND ON 70% MARGIN, SO NOW HIS FORTUNE HAS EVAPORATED. ALL YOU LONGS JUST WOULD NOT LISTEN TO HIS CONSTANT BASHING, AND WOULD NOT GO SHORT WITH HIM, SO NOW HE IS BROKE... but getting the last laugh! He is living on food stamps and rent subsidies and welfare, and getting almost as much as kids working at McDonalds' and single moms working at Wal-Mart! HMMMM. I know of a LOT of Republicans who I wish would meet that same fate... they always bash poor people for living off the government... IF THEY HAD TO LIVE AT GOVERNMENT EXPENSE, they would realize real soon just how stupid it is for Republicans to be jealous of poor people and the stingy government assistance that they get!!!
SO... YOU ARE TELLING US THAT YOU BOUGHT AT THE TOP... ON MARGIN... AND HAVE BEEN HOLDING ALL THE WAY DOWN... RIGHT??? Smart boy!!! Too bad that you did not even sell any calls or buy any puts to at least hedge the whole deal! But I guess it would be hard to sell calls on your 5 shares of SLW!!!
NAW... THEY PAY THESE GUYS ONE ZIMBABWEAN SHILLING FOR EACH POST THEY MAKE... AT THAT RATE...IF THIS GHOST FELLOW KEEPS PUMPING OUT 200 POSTS PER DAY, HE OUGHT TO EARN ALMOST 5 CENTS AMERICAN WITHIN 3 YEARS OR SO! But after his Nigerian bosses and managers hold out their cut, he will owe them about $ 5,000 USD... HE DID NOT READ THE CONTRACT VERY CLOSELY... so he does not know about THAT part of the deal... YET!
POOR REINHOLDGERST... trying to single handedly hold back the massive tides of history and global culture... just so his short position will not get hammered even more!!!
WHAT... THEY LET THIS PASCUA DIMWIT OUT OF HIS CAGE AGAIN??.. Dang Republicans NEED to stop cutting the zoos budget all the time... they can't afford to keep all the chimps in their cages anymore!!!
replying only to bring this idiots posts to the top of the board, so we can all enjoy watching this short get roasted, and so he cant hide behind a LONG list of his stupid posts. MAYBE IF WE RUB HIS FACE IN HIS CONSTANT STREAM OF BS, HE WILL GROW UP AND STOP THINKING LIKE A 3 YEAR OLD!!! doubtful, but worth a try!
replying only to bring this idiots posts to the top of the board, so we can all enjoy watching this short get roasted, and so he cant hide behind a LONG list of his stupid posts
shorts getting roasted... gotta love it!!!
IF YOU CAN GET IT UNDER 5 BUCKS A SHARE... LOAD UP THE TRUCK!!! I should have done that 5 years ago, when it got down to 3 or 4 dollars a share... but dang it... I didn't! HAPPY NEW YEAR, ALL! Here's hoping Silver Wheaton doubles this year... or at least stops falling!!!
THE ENERGY SCENE, ESPECIALLY OIL AND RELATED, is something I have been following fairly closely for about 35 years... so I will let you in on a BIG secret... the Republican view of energy issues... like the Republican view of most issues... is pretty much total baloney! As every honest economist knows, the economy ALWAYS tanks when Republicans take control of the country.., and the more control they have, the bigger the tank... the last economic crisis and the painfully slow recovery from it being just YET ANOTHER example of that! THE REPUBLICAN FANTASIES ABOUT OUR ENERGY SITUATION IS TRULY DANGEROUS... and it will likely take a few years to realize it, BUT we face the worst energy crisis is all of American history... MUCH WORSE THAN THE 1970'S NIGHTMARE... probably by 2020 or 2025 at the latest! WHY??? Because the United States, just like nearly all of the rest of the world, is HEAVILY dependent on cheap conventionally produced oil...GLOBAL SUPPLIES OF WHICH ARE DEPLETING AT MORE THAN 4% PER YEAR!!! That is HUGE!!! What that means is that a larger and larger share of the world's oil supplies are coming from non-conventional sources... biofuels and natural gas liquids and oil and tar sands and coal seam gas and, lately, from shale gasses and oils!!! MOST REPORTS OF OIL SUPPLIES DO NOT EVEN HINT THAT THIS IS THE CASE...JUST LOOKING AT MOST CHARTS AND GRAPHS AND TABLES, YOU WOULD NEVER KNOW THAT CONVENTIONAL SUPPLIES OIL ARE DECLINING RAPIDLY, AND THAT NON CONVENTIONAL SOURCES HAVE BEEN MAKING UP THE DIFFERENCE, AND SUPPLYING ALL OF THE GROWTH IN SUPPLIES!!! Non conventional sources are non conventional for a reason... they are generally MUCH more expensive than conventional oil and gas...AND ARE MOSTLY LIMITED IN SUPPLY BY A VARIETY OF FACTORS!!! For example, it very unlikely that we will produce much more ethanol in the future, for a variety of reasons! AS FOR THE HUGE INCREASE IN SHALE OILS AND GASSES, THESE DEPLETE SO FAST THAT NEW WELLS CAN HARDLY KEEP