Buffett warns of ‘bleak future’ for debt traders
Warren Buffett warned that debt traders confronted a “bleak future” days after a sell-off pummelled authorities bonds and despatched reverberations by way of international inventory markets. The 90-year-old chief govt of Berkshire Hathaway advised shareholders in his intently adopted annual letter that it was finest to eschew the fixed-income market, by which the corporate is itself a big participant. “Fastened-income traders worldwide — whether or not pension funds, insurance coverage firms or retirees — face a bleak future,” he wrote. “Rivals, for each regulatory and credit-rating causes, should deal with bonds. And bonds will not be the place to be...
Read More