Billionaires Dumping Stocks, Economist Knows Why? Warren Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel. It gets more interesting - Is the reason he is selling is because he has recently read It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90% according to Robert Wiedemer. In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy. What do you all think? Put your comments below-
Posted on: Mon, 08 Jul 2013 14:41:18 +0000
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