INSUBCONTINENT EXCLUSIVE:
grapple with the economic fallout of the coronavirus pandemic, with the Federal Reserve on Sunday cutting its benchmark interest rate by a
full percentage point to near zero
While Fed Chairman Jerome Powell said at the time that he did not think negative rates would be appropriate policy in the United States ,
markets have seen the yield on the 10-year United States Treasury dip as low as 0.31% earlier this month.
Buffett, the chairman and chief
billionaire investor has long favored investing in stocks over bonds, building up an equity portfolio that topped $248 billion at the end of
Buffett said in his annual shareholder letter, released in February, that it was almost certain that equities would outperform long-term,
fixed-rate debt instruments in the long run if current interest rates and low corporate taxes were to persist.
But he cautioned in the Yahoo