07 November 2009

COMMODITIES: Warren Buffett Bets On China With Railroad Purchase.

BASELINE SCENARIO/ Economist Simon Johnson
"Buffett’s big investment in railroads (BNSF) looks like a shrewd way to bet on growth in emerging markets – which is where most incremental demand for US raw materials and grain comes from. It’s also a polite way to bet against the dollar or, even more politely, on an appreciation of the renminbi."