Why Warren Buffett is Warning of a 2008-style crash
Aug 22, 2024 ·
11m 21s
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Description
The market turmoil continues as major companies spanning several sectors are laying off thousands of people. Big names are lopping off a huge portion of their workfoce including Paramount, Intel,...
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The market turmoil continues as major companies spanning several sectors are laying off thousands of people. Big names are lopping off a huge portion of their workfoce including Paramount, Intel, Cisco and Axios. With that, the Oracle of Omaha, Warren Buffett has recently said he belives a 2008-like market crash is coming to the US, citing a number of reasons, including (from 24/7 Wall Street via Newsbreak):
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Artcles referred to in this podcast:
https://www.foxbusiness.com/markets/layoffs-announced-multiple-companies-summer
Buffett Signals a 2008 Sized Collapse (newsbreak.com)
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- Most big companies seem overvalued, with the S&P 500 trading at high multiples.
- Warren Buffett's recent stock sales hint he's preparing for a potential market downturn.
- He may be waiting for a major correction to make big acquisitions, as he did in 2008.
- When things turn down, dividend stocks can be a safe port in the storm
Call for your FREE copy of The Secret War on Cash newsletter: (800) 289-2646 or
Visit our website for more information: https://www.swissamerica.com
Call for your FREE copy of How the Coming Global Crash Will Create a Historic Gold Rush: (480) 548-2975
Follow us on Facebook: https://www.facebook.com/swissamerica/
Follow us on X (Twitter): @Swiss_America
Follow us on LinkedIn: https://www.linkedin.com/company/1023049
Artcles referred to in this podcast:
https://www.foxbusiness.com/markets/layoffs-announced-multiple-companies-summer
Buffett Signals a 2008 Sized Collapse (newsbreak.com)
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