Buffett Warns That Vulnerabilities Are Rising in Banking Systems, More Concerned About the Dollar’s Standing Than the Recession
Buffett warned, during an interview, about the fragility of the financial system—especially that the close link between the banking industry and non-bank institutions could trigger risk. He expressed concern about the U.S. dollar’s role as the world’s reserve currency, and emphasized the importance of maintaining stability in the financial system. He said that Berkshire will make investments when the market experiences a major downturn in the future, and that it will continue to hold cash in reserve for the right moment.
MarketWhisper·04-01 03:34
