InvestmentWatchBlog – Warren Buffett : “The Fed Is The Greatest Hedge Fund in History”- 22 September 2013

InvestmentWatchBillionaire investor Warren Buffett compared the U.S. Federal Reserve to a hedge fund because of the central bank’s ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion.

“The Fed is the greatest hedge fund in history,” Buffett told students yesterday at Georgetown University in Washington. It’s generating “$80 billion or $90 billion a year probably” in revenue for the U.S. government, he said. “And that wasn’t the case a few years back.”

Read the whole story and see the video at the original article link below:

www.investmentwatchblog.com / link to original article

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