Warren Buffett this weekend tried to explain why Berkshire Hathaway now has more net cash even than Apple. The chart below shows that Buffet’s cash increase, since 2008, correlates well with the chart above.
He surely understands the pressure on the Fed, but does not sound very convinced they can do enough.
“We do know the consequences of doing nothing,” Warren Buffett says. “That would’ve been the tendency of the Fed many years past… We do never wanna be dependent on not only the kindness of strangers but the kindness of friends.”