In response to:

Buffett Boosts Own Morale with Hypocrisy

D G Wrote: Nov 30, 2012 10:28 AM
Warren Buffet bought my BNSF railroad stock a couple of years ago for $100 per share. I paid about $27 per share in 2002. So, Warren did me a favor. However, most of the payment was shares of Berkshire Hathaway. When I learned Buffet was participating in an Obama fund raiser, I sold Berkshire Hathaway the next day.
SpaceVegetable Wrote: Nov 30, 2012 5:59 PM
I sold my Berkshire shares right after the election. I needed some cash and decided to start locking in my gains at this year's tax rates. I was thinking about buying some more, but I think I'll wait. Next year could be really lousy for the markets.

The government revised upward its initial reading of third quarter GDP from 2 percent to 2.7 percent in a move that was widely expected by economists.

And everyone said “yawn.”

That’s because the GDP growth was more government puffery. The increase was borrowed or freshly minted money. The government merely accelerated spending, filing one hole, while digging another- deeper- hole, in Obama’s latest 60-year-same-as-cash financing offer.  

At least that’s what the markets have felt apparently- reacting with shrug to another wave of “good” news coming out of the government about how great things are for the folks back...

Related Tags: Hypocrisy