Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves. (lemmygrad.ml)

submitted 2 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

19 comments fedilink hide all child comments

These actions suggest that we may be standing at the precipice of the largest financial bubble in history, which they seem to believe is about to burst imminently.

https://breakingthenews.net/Article/Amazon%27s-Bezos-sells-dollar1.25B-worth-of-shares/63056547

https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d

https://www.forexlive.com/stock-market-update/buffetts-berkshire-hathaway-hoarding-cash-in-a-pattern-seen-before-the-financial-crisis-20241112/

you are viewing a single comment's thread
view the rest of the comments

[-] bennieandthez@lemmygrad.ml 4 points 2 months ago

Depends, it's certainly a good thing if you're a bond holder, you're getting more returns for your money. But its a bad thing for everyone else, higher interest rates means higher mortgages, car loans, credit card debt, student loans, business loans, etc...

this post was submitted on 13 Nov 2024

68 points (98.6% liked)

US News

2087 readers

99 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

muad_dibber@lemmygrad.ml