Tuesday, January 17, 2006

Warren Buffett on the dollar

"I think over time that -- unless we have a major change in trade policies, I don't see how the dollar avoids going down. I don't know when it happens, I don't have any idea whether it will be this month or this year, or next year. But we are force-feeding dollars on to the rest of the world at the rate of close to a couple billion dollars a day, and that's going to weigh on the dollar. I see no way around that."

Absolutely, if things can't go on infinitely, it will stop at some time. (Just that you don't know when)


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