Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2012-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Current Account Deficit Couldn't Go on Indefinitely

We have 30 presently our cash position well really if you counted at all the companies It's probably 36 or 7 billion You know we're essentially getting nothing on that so if you are earning power today is is being affected by current Fed policies. Seven Only Larson South Lake City The five six years ago you wrote in the annual shareholders report that the current account deficit the trade deficit Couldn't go on indefinitely of course a very large part of that is crude oil import Now some people in the energy markets are sort of talking about United States becoming independent in the energy market could you share some light on how this might affect the trade deficit?

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