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Buffett: 'We’re coming back, no question in my mind'

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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 01:48 PM
Original message
Buffett: 'We’re coming back, no question in my mind'
Edited on Thu Jul-08-10 01:58 PM by NJmaverick
When Warren Buffett looks at America's economy, he sees recovery.
In an exclusive interview with Yahoo! News and the Huffington Post, Buffett disagreed with New York Times columnist and Nobel Prize-winning economist Paul Krugman, who wrote recently that he fears the U.S. is in “the early stages of a third depression.”
In the interview, Buffett says “we’re on the right course” and encourages President Obama to speak with “enormous confidence” about the country’s economic future. He says that the stimulus is working and that the economy will improve in the next two or three years.
“We’re hiring,” he adds, referring to many of his Berkshire Hathaway companies.



Watch Buffett’s analysis of the economy here:

http://news.yahoo.com/s/yblog_upshot/buffett-we--re-coming-back-no-question-in-my-mind;_ylt=AhJesPOzTZW2tgESCSf9Y.us0NUE;_ylu=X3oDMTRzNGYwazIzBGFzc2V0A3libG9nX3Vwc2hvdC8yMDEwMDcwOC9idWZmZXR0LXdlLS1yZS1jb21pbmctYmFjay1uby1xdWVzdGlvbi1pbi1teS1taW5kBGNjb2RlA21vc3Rwb3B1bGFyBGNwb3MDMwRwb3MDMTAEcHQDaG9tZV9jb2tlBHNlYwN5bl90b3Bfc3RvcnkEc2xrA2J1ZmZldHR3ZXJlYw--
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 01:50 PM
Response to Original message
1. I can't think of a unit of Berkshire that isn't seeing decent business
Edited on Thu Jul-08-10 01:59 PM by PBS Poll-435
From Dairy Queen to Acme Brick and Wells Fargo, looks to be a banner year.
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 02:11 PM
Response to Reply #1
8. BRK is the only stock I have never sold. Litterally. Just add to it slowly over the years.
Edited on Thu Jul-08-10 03:04 PM by Statistical
Hopefully someday I will have enough BRK.B to trade it in for a SINGLE BRK.A share.

It has been a pretty damn good investment for last 20 years and I like Mr. Buffet working for me. :)
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 02:12 PM
Response to Reply #8
9. Totally
I have huge respect for Berkshire.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 01:55 PM
Response to Original message
2. Any connection to the downgrade this AM of his Berkshire Hathaway?
:think:
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 02:00 PM
Response to Reply #2
6. Dupe
Edited on Thu Jul-08-10 02:10 PM by Statistical
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 02:00 PM
Response to Reply #2
7. Kinda weird things is there are two headlines for BRK on same day
Edited on Thu Jul-08-10 02:11 PM by Statistical
Berkshire downgraded to sell because of economy.

AND

Buffett's Berkshire has highest profit since 2007.
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 02:24 PM
Response to Reply #2
10. Not likely
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 01:57 PM
Response to Original message
3. You might want to fix your ultra cryptic code phrase (pushing DU off the screen) and include a link.
Edited on Thu Jul-08-10 01:57 PM by Statistical
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BootinUp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 01:58 PM
Response to Reply #3
4. lol nt
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-08-10 01:58 PM
Response to Reply #3
5. done
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