Buffett Says No Double-Dip, Sees a Bright Future for the Economy

cygo
Science Freak
cygo's picture
Posts: 144
Joined: 2010-09-10
User is offlineOffline
Buffett Says No Double-Dip, Sees a Bright Future for the Economy

 

Bright Future for the Economy 

Buffett Says No Double Dip, Sees a Bright Future for the EconomyFamed investor Warren Buffett has ruled out the possibility of a second recession in the U.S., saying businesses owned by his Berkshire Hathaway Inc. are growing.

According to Buffett, banks are lending again, businesses are hiring employees and he expects the country to come back stronger than ever.

 

http://wallstreetpit.com/44517-buffett-says-no-double-dip-sees-a-bright-future-for-the-economy

 

 


cj
atheistRational VIP!
cj's picture
Posts: 3330
Joined: 2007-01-05
User is offlineOffline
Well, it could hurry up my

Well, it could hurry up my way.  Oregon is still in double digit unemployment.


cygo
Science Freak
cygo's picture
Posts: 144
Joined: 2010-09-10
User is offlineOffline
Buffet's opinion

This is Buffet's opinion, largely looking at his own portfolio and business interests.

We suffered under Bush's great recession and entered recovery in October last year about seven months after Obama was sworn in.    Now, economists generally agree there's a 30% chance of another dip.   Which, to me, isn't that bad and consumer buying is up a second month in a row.