Chaos has previously featured the folksy, yet ever so sagacious remarks of the greatest stockpicker in the land, Warren Buffett, through his annual shareholders letter, and this year, the Great One has more concerns about the spiraling foreign account deficits the Empire is currently producing:(pdf document in link)
"our citizens [in the future] will also be forced every year to ship a significant portion of their current production abroad merely to service the cost of our huge debtor position. It won't be pleasant to work part of each day to pay for the over-consumption of your ancestors. I believe that at some point in the future U.S. workers and voters will find this annual 'tribute' so onerous that there will be a severe political backlash. How this will play out in markets is impossible to predict--but to expect a 'soft landing' seems like wishful thinking."
Yet another unwitting reason to consider a more fiscally responsible nation to reside in...
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