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Agreed.

What I'm saying is that

1) structurally speaking, this recovery is built on sand.

2) #WarrenBuffet is assuming a huge cluster risk by putting "so many eggs in one basket. "

Somehow, he seems know something, which most investors on the market do not.

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#Tbills
(1/n)

If the investor weren't #WarrenBuffet, I'd claim that he has a short memory.

Not even a year ago, and the underlying structural problems of US budget policies are still there.

Via #NYmagazine

"When #Wall Street sizes up the world’s risks, one way traders make their bets on the future is through the market in #USTreasuries — that is, #bonds representing the government’s debt.

Since August, there has been...

https://nymag.com/intelligencer/2023/10/treasuries-are-a-usd24-trillion-problem-haunting-wall-street.html

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