Wealth inequality on steroids. Sounds like a good policy????
Billionaire investor Warren Buffett told CNBC on Monday just how important interest rates are to stock investing. "If the government absolutely said interest rates are going to be zero for 50 years, the Dow would be at 100,000," Buffett told "Squawk Box," stressing he was speaking hypothetically.
The Dow Jones industrial average closed at 17,773 on Friday. In a CNBC interview last week, Buffett also spoke about interest rates. "If you had zero interest rates and you knew you were going to have them forever, stocks should sell at, you know, 100 times earnings or 200 times earnings," he said.
"If the government absolutely said interest rates are going to be zero for 50 years, the Dow would be at 100000" ~ Warren Buffet— Deepak Singh (@smarket) May 3, 2016