From CNBC: ".....In response to a question on the Federal Reserve's massive
quantitative easing program, Buffett said it will be "the shot heard
around the world" when the central bank first indicates it will stop
buying financial assets or start selling from their now enormous $3.4 trillion
balance sheet. "we're in uncharted territory ... that's a lot of
securities."
Because that liquidity has been supporting stock prices,
people in the market will immediately reevaluate their positions.
Even so, he said, "the world won't end" and the
market will survive. He repeated his long-held "faith" in Fed chief
Ben Bernanke and said "we have benefited significantly, and the country
has benefited significantly" by the Fed's actions….
There's more at http://www.cnbc.com/id/100707968
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