Warren Buffett is currently sitting on $100 Billion Cash.
One Hundred Billion Dollars - CASH
Mr Buffett is known as one of the good-guy rich guys, and he knows he shouldn't have that kinda scratch lying around doing nothing.
But not even Warren Buffett knows what he oughta do with all that money when stock prices are crazy high, and most companies worth buying are over-valued, and and and.
He's said recently that the market (Wilshire 5000) is currently valued at about 140% of US GDP, and that usually means there's a "correction" coming.
The word "correction" in this context generally means "Honey, I won't be home for supper tonight because I plan on stepping in front of the train".
Typically, markets collapse right about now.
So here we go again.
BTW, we have a simple response to the GOP's favorite bromide of Tax Cuts for Over-Privleged Entitled-Feeling Rich-As-Fuck Elitist Assholes will boost the economy, create a gazillion jobs and increase federal revenues:
We're left with only one really great way to use all that money, and it ain't Supply Side. After 35 years of trying really really really hard to make it work, and trying even harder to get everybody to pretend it works, we now know the single most important thing about it - that shit don't work.
I hate saying it, but we prob'ly need to tax the fuck outa some folks and put the money into Education, Trades Training, and Infrastructure.
It's called Keynesian Economics and it works. We know it works because it always works because that's how a modern economy fucking works.
