The so-called Oracle of Omaha,Warren Buffett, the 75-year-old billionaire investor and chairman of insurance and industrial conglomerate Berkshire Hathaway reaffirmed his views on the dollar, which he expects will weaken "over time" due to U.S. fiscal policies.
"I think over time the dollar is going to weaken. I think that we are following a policy that will cause the dollar to weaken over time." he said. "It's the consumer's action in the end that is doing it but we have no governmental policy that counters the fact we are sending a couple of billion dollars a day abroad.
We are trading - we are buying goods and we are selling capital."
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