The "Oracle of Omaha" doesn't like retirees' chances – at least those on fixed-income investments.
"Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future," Warren Buffett said in his annual letter to Berkshire Hathaway investors, a document many look to for investment tips and guidance on the future of the economy.
That's in part because the bond market is ailing as the economy gains momentum despite the COVID-19 pandemic.
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