enterthedragonexitthetiger|巴菲特谈美债：不担心美国债务规模，而是担心财政赤字前景

Special topic: Buffett's 2024 shareholders' meeting hit

The annual Spring Festival Gala in the investment community officially kicked off.

May 4 local timeEnterthedragonexitthetigerBuffett's Berkshire Hathaway (Berkshire Hathaway) (hereinafter referred to as "Berkshire") held its 2024 annual shareholders' meeting in Omaha, Nebraska. Last year, Buffett, Berkshire's CEO, appeared on the podium with his old partner, Berkshire vice-chairman Charlie Munger (Charlie Munger), and the company's two other vice-chairmen, Greg Abel and Ajit Ajit Jain. Unfortunately, Charlie Munger died at the age of 99 in November 2023. On the rostrum this year, only Buffett, Greg Abel and Ajit Jain will be 94 years old.

When asked by investors that the size of US Treasuries is already six times what it was before the 2008 financial crisis, is there any risk in the rapid expansion of debt?

Buffett replied that the most optimistic guess is that US Treasuries will be accepted by the market for a long time, because there are no more and better ones except Treasuries.EnterthedragonexitthetigerHe chose. The size of US Treasuries is not particularly large, given inflation, the crisis that threatens the global economy, and the status of the dollar as a reserve currency.

"the problem is not that the absolute size of US Treasuries is threatening the US financial system, but that inflation and the future value of the dollar are threatening the entire system. So I'm not worried about the absolute supply of Treasuries, but about the outlook for the fiscal deficit. " Mr Buffett said Paul Volcker, the former Fed chairman who faced high inflationary pressures in the late 1970s and early 1980s, had curbed inflation in the face of death threats. We can't predict what kind of decision the Fed will make, and Federal Reserve Chairman Colin Powell is also a very wise man, but it is not up to him to decide the financial system and decisions in the United States.