Mike's been reporting on this from Buffett at BRK....
10 stocks Warren Buffett is buying (and 6 he's selling): Warren Buffett, chairman and CEO of Berkshire Hathaway, took a few more bites of Apple stock in the most recent quarter. But the big news is that he’s bonkers for bank stocks. https://t.co/yBSfCHhh4j
— Kona Nature Tours (@KonaNatureTours) November 17, 2018
Also this out this week; I interpret this as banks are pricing their risk-asset loans at prices below liquidation value... hmmm why would they have to do that I wonder???? What are bank risk-assets really worth at this time????
SO loss given default (#LGD) on $2.5 trillion in bank owned 1-4s went negative last quarter. Banks are explicitly profiting from defaults. Example of how @federalreserve distorted home prices. Will #HPs correct like spreads?? @DavidHStevens @jonathanmiller @LoganMohtashami pic.twitter.com/pPGS5QG9FN
— Christopher Whalen (@rcwhalen) November 26, 2018
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