Yahoo! News – Buffett scolds fund directors

“Berkshire has $12 billion in foreign currencies because [Buffett] worries that the nation’s huge trade deficit will continue to push down the value of the U.S. dollar. Overseas investments become more valuable to U.S. investors when the dollar falls.”

This one’s for my buddy Erik. I think it’s exactly the fiscal sentiment to carry us through the rest of George Bush’s misbegotten presidency.