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

[impik]

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.


http://news.yahoo.com/s/yblog_upshot/buffett-we--re-coming-back-no-question-in-my-mind;_ylt=Am17dgXJV9vJvRdcuZk.K26s0NUE;_ylu=X3oDMTRyYXMwMmRqBGFzc2V0A3libG9nX3Vwc2hvdC8yMDEwMDcwOC9idWZmZXR0LXdlLS1yZS1jb21pbmctYmFjay1uby1xdWVzdGlvbi1pbi1teS1taW5kBGNjb2RlA21vc3Rwb3B1bGFyBGNwb3MDMgRwb3MDNgRwdANob21lX2Nva2UEc2VjA3luX3RvcF9zdG9yeQRzbGsDYnVmZmV0dHdlcmVj

[jaxx]

1. A vote of confidence and I think he's right.

People are too prone to giving up, just going negative and letting the media tell them how to think.

[Better Today]

2. And he's no more attached or aware of the problems being faced

by the bottom 1/3 of the population than Obama is. We have higher unemployment, fewer job postings, more houses being foreclosed on and fewer selling than two years ago, or even a year ago around here. I understand that about three major metro areas may have some improvement, but what we are seeing here is demonstrative of what is being seen in most areas.

The only areas seeing improvement are not geographic, but the area of populated by the wealthy, of course Buffett feels like things are better.

[DCBob]

3. I agree but you need to edit your URL...

just use the following..

http://news.yahoo.com/s/yblog_upshot/buffett-we--re-coming-back-no-question-in-my-mind

[Beetwasher]

4. Expect Every Little Bump On The Way To Recovery To Be Pounced On As A Total Reversal

And evidence of a "double dip".

That's just the way it's going to be.

[Name removed]

7. Deleted message

Message removed by moderator. Click here to review the message board rules.

[cliffordu]

5. Does he know that we don't make anything here anymore??

How can we have a recovery without jobs??

[GeorgeGist]

6. From the mouth of Greed