股神 Buy American Again

日本推出量化寬鬆措施後，金價繼續創新高，現已接近1350美元，TIPS差價亦由最低的1.5%回升至約1.8%水平，可是由於市場預期美國亦將開啟次輪量化寬鬆政策，美元繼續受壓，美元兌日圓已跌穿日本央行干預匯市前的低位，即是說，日本央行拋售的2萬億日圓，在沒有美國的支持下得不到預期效果外，亦造成500多億日圓虧損。

現時風險資產受美日量化寬鬆政策支持繼續走高，VIX維持穩定，PIIGS的國債CDS差價均見回落，投資者情緒平穩。不過美國長債息率再見新低，顯示投資者仍然對經濟缺乏信心。綜合以上情況看，滯脹機會正在上升。不過巴菲特在一個會議上稱，股票明顯較債券便宜，投資者對經濟缺乏信心而購買債券是錯誤的決定，而他卻對美國經濟充滿信心。以下為他在財富論壇上的訪問片段和transcript。

Transcript :
"It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time."

訪問片段 :
http://plus.cnbc.com/rssvideosearch/action/player/id/1607918233/code/cnbcplayershare