{"id":38142,"date":"2013-09-20T13:15:57","date_gmt":"2013-09-20T17:15:57","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38142"},"modified":"2013-09-20T16:12:31","modified_gmt":"2013-09-20T20:12:31","slug":"buffett-compares-federal-reserve-to-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/buffett-compares-federal-reserve-to-hedge-funds.html","title":{"rendered":"Buffett Compares Federal Reserve To Hedge Funds"},"content":{"rendered":"

\"Warren<\/a>New York (HedgeCo.Net) – “The Fed is the greatest hedge fund in history.” Hedge fund pioneer and billionaire philanthropist Warren Buffett said while delivering a speech to the students at at\u00a0Georgetown University\u00a0in\u00a0Washington.<\/p>\n

The Fed is generating “$80 billion or $90 billion a year probably” in revenue for the U.S. government, he said. “And that wasn’t the case a few years back.” Bloomberg reports. The Federal Reseve\u00a0is capable of earning profit from bond purchases and has a balance sheet balance of more than $3 trillion, according to reports.<\/p>\n

On a possible successor to the current chairman of the Federal Reserve, Ben Bernanke, Buffett said, “Next capable candidate is Vice Chairman\u00a0Donald Kohn.”<\/p>\n

“Buffett\u00a0applauded Bernanke for sailing through the 2008 crisis, and said that he did whatever was necessary to balance the market.\u00a0Buffett said that his successor will follow his footsteps to economic stimulus. Investors were expecting that Bernanke would streamline his current stimulus, but he continued it with the same pace. Bernanke said he wants to see more revival in the economy, but\u00a0Buffett feels that Bernanke was disappointed to see the current rate of growth, though only slightly.” ValueWalk reports.<\/p>\n

Alex Akesson
\nEditor for\u00a0HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a>\u00a0is a premier\u00a0hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – “The Fed is the greatest hedge fund in history.” Hedge fund pioneer and billionaire philanthropist Warren Buffett said while delivering a speech to the students at at\u00a0Georgetown University\u00a0in\u00a0Washington. The Fed is generating “$80 billion or $90 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,16025,3],"tags":[],"class_list":["post-38142","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-events","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38142"}],"version-history":[{"count":8,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38142\/revisions"}],"predecessor-version":[{"id":38154,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38142\/revisions\/38154"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}