The billions Trump wants to give to the airlines? It is a bailout for the MAX (click here). The MAX failure occurred because CEOs were allowed to self regulate. Just that simple. Gee, Federal Regulations are actually good for industry, huh?
Regulations are necessary because the private sector and its business practices are directly in opposition to "being a human being."
My favorite Warren Buffet observation was when he said, "Only when the tide goes out do you discover who's been swimming naked." It is so Warren.
March 18, 2020By Andy Serwer
Warren Buffett’s (click here) Expensive Bet: Coronavirus Impact on Airlines Will Be Temporary
If you’re wondering what ultra-low (click here) or even negative interest rates will do to the financial markets, you are not alone. Warren Buffett is wondering too. To be clear though, he’s not particularly freaked out. Vexed, but not freaked.
As yields on U.S. Treasury securities fall to record lows — the 10-year Treasury yield (^TNX) dropped to 0.398% at one point this week — many worry that negative interest rates, already prevalent in Japan and Europe, will soon arrive on our shores. If that were to be the case, what the heck would it mean?
I asked Warren Buffett about negative rates last week during an interview at Berkshire Hathaway (BRK-A, BRK-B) headquarters in Omaha.
First, Buffett conceded that in general the bond market with its super low rates, and wildly swinging yield curve, “is really crazy.” But then he made it clear that neither he nor his partner Charlie Munger have any expertise or any interest in predicting where interest rates are headed.
“Charlie and I focus on what's knowable and important,” he said. “Now, interest rates are important, but we don't think they're knowable.”...
