Macroeconomic round up: Warren Buffett upbeat about US economy
Jason Walls breaks down the week's biggest macroeconomic stories. With special audio feature.
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Warren Buffett, arguably the world’s most famous investor, this week revealed his optimistic views on the US economy.
"For 240 years it has been a terrible mistake to bet against America, and now is no time to start ... America's golden goose of commerce and innovation will continue to lay more and larger eggs," the billionaire said.
He said recent years have “largely benefited the wealthy” and suggested the solution to help others is a variety of safety nets aiming to provide a “decent life for those who are willing to work but find their specific talents judged of small value because of market forces."
But Mr Buffett did not identify a successor – something many have disappointed market watchers, who would have been waiting eagerly for an announcement.
On the other side of the world, the Japanese government is now being paid for issuing bonds.
This week, Japan issued ¥2.188 (US$19.4 billion) worth of bonds. With a -0.0024% yield, the government will make ¥6 billion (US$53 million).
Almost 70% of Japanese government debt now trades with negative yields.
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Fri, 04 Mar 2016
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Macroeconomic round up: Warren Buffett upbeat about US economy
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