quantitive easing

You really work for Berkshire Hathaway? In the UK? That must be interesting. For a deep value investor Europe was a gold mine last year. Banks at 0.2/3x BV now at 0.7/9x!!!

What does “consumers are still de-leveraging” mean?

The man in the street is repaying his debts rather than spending on crap.

I’ve got something Quantitative that needs easing. 😆

People are still living with high levels of personal debt and are trying to reduce their borrowings (reducing leverage). This is reducing spending on consumer items. UK household debt is still 136% of GDP v 98% in Europe.

Cross post – Mefty put it better!

So I’m not a loser with no savings. I’m just de-leveraging!

THM, my boss’s boss’s boss’s boss is Warren Buffet – which makes me sound far more senior than I actually am. And yes we’re doing OK – and we pay tax on our UK earnings in the UK.