Warren Buffett ready for a stock market crash with a record $49bn in cash

Warren Buffett ready for a stock market crash with a record $49bn in cash

(source arabianmoney.net:)

“As we saw in 2008 when Mr. Buffett even managed a nice turn on the rescue of Goldman Sachs the old boy knows how to play a crash brilliantly. Then again you can only do this if you have the cash to do it. He has it and would the world’s greatest investor be sat on cash if he really thought there was more money to be made in stocks?”

Well, he is realistic , the reality is that China may be the next trigger, when growth may slow down, and “it will have to,” this time, instead than us hitting the wall of resources, they will, because they have kept growth too high instead than stabilizing it to a sustainable rate, and at the point china may start going down, the US and Europe stocks will take another dive, the “second dip,” which in any case, won’t go further than 2015, when the energy patch of petroleum+gas peaks.

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