Buffett Is Bonkers For Banking Concern Stocks
Mike's been reporting on this from Buffett at BRK....
10 stocks Warren Buffett is buying (and half dozen he's selling): Warren Buffett, chairman in addition to CEO of Berkshire Hathaway, took a few to a greater extent than bites of Apple stock inwards the near recent quarter. But the big word is that he’s bonkers for depository fiscal establishment stocks. https://t.co/yBSfCHhh4j
— Kona Nature Tours (@KonaNatureTours) November 17, 2018
Also this out this week; I translate this equally banks are pricing their risk-asset loans at prices below liquidation value... hmmm why would they accept to create that I wonder???? What are depository fiscal establishment risk-assets actually worth at this time????
SO loss given default (#LGD) on $2.5 trillion inwards depository fiscal establishment owned 1-4s went negative final quarter. Banks are explicitly profiting from defaults. Example of how @federalreserve distorted habitation prices. Will #HPs right similar spreads?? @DavidHStevens @jonathanmiller @LoganMohtashami pic.twitter.com/pPGS5QG9FN
— Christopher Whalen (@rcwhalen) November 26, 2018
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