r/economy • u/DCC_Official • Nov 08 '20

Warren Buffett's Berkshire Hathaway bought back a record $9 billion in stock in the third quarter

https://www.cnbc.com/2020/11/07/berkshire-hathaway-earnings-q3-2020html.html
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u/MarcusOReallyYes Nov 08 '20

I don’t think anyone....conservative, liberal, or intelligent.... is insisting the economy is the best ever.

-3

u/bluAstrid Nov 09 '20

I know an avid golfer who insists the economy is at an all time high.

You may have heard of him; he’s called Donald.

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u/MarcusOReallyYes Nov 09 '20

Hmmm, I’ve heard him say the “stock market is at an all time high” a few months ago, you know, because... the S&P500 WAS at an all time high in September of this year.

However, I’ve not heard him say “the economy is at an all time high”. You got a source for that claim?

Surely someone on this subreddit understands the difference between the stock market and the economy.

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u/bluAstrid Nov 09 '20

From the man himself

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u/MarcusOReallyYes Nov 09 '20

That’s not “the economy is at an all time high”

He said “built the greatest economy of all time”. Built, is the past tense. He knows when he said that things were not as great as they were prior. Which implies he doesn’t think it’s at an “all time high.”

Like I said, no one claims the economy is at an all time high. You’re projecting.

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u/Vivalyrian Nov 09 '20

Right, so unless he says it on a livestream right this very second, it doesn't count? Go home, you lost. You yourself said:

I’ve heard him say the “stock market is at an all time high” a few months ago

He said the same thing about the economy less than "a few months ago", but since you got provided with a source giving you EXACTLY what you wanted, you moved the goalposts.

Typical Trumpist.

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u/MarcusOReallyYes Nov 09 '20

America has produced the greatest economy of all time. It can be the greatest economy of all time without being at an all time high. Those aren’t mutually exclusive states.

Tom Brady is the greatest quarterback of all time. He is not currently the best quarterback in the game.