Gates and Buffett Short the U.S. Dollar
Alex Tabarrok of Marginal Revolution quotes from this Bloomberg article.
As you probably know, I share these views.
Gates's concern that widening U.S. budget and trade deficits are undermining the dollar was echoed in Davos by policymakers including European Central Bank President Jean-Claude Trichet and German Chancellor Gerhard Schroeder.
... Gates reflected the views of his friend Warren Buffett, the billionaire investor who has bet against the dollar since 2002. Buffett said last week that the U.S. trade gap will probably further weaken the currency.
As you probably know, I share these views.
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