Posted on 09/13/2010 11:13:55 AM PDT by blam
Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now
Joe Weisenthal
Sep. 13, 2010, 1:57 PM
Warren Buffett has never been too pessimistic on the economy, though he's never been one to see consensus on the way up.
Throughout 2009, as the media saw more and more green shoots, the word ouf ot Berkshire Hathaway was one of skepticism.
This year his tone has mostly been one of caution.
And now that the media is obsessed with the double-dip scenario?
Bloomberg:
“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”
...
“I’ve seen sentiment turn sour in the last three months or so, generally in the media,” Buffett said. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”
Buffett of course is extremely diversified, from finance, to housing, to rail (we noted last week that he's probably up $14 billion already on his Burlington Norther bet), so there's really no slice of the economy he can't see firsthand.
If he thinks the real economy isn't matching the rhetoric, that's to be taken seriously.
[snip]
(Excerpt) Read more at businessinsider.com ...
Step away from the crack pipe.
You usually can’t go too far wrong betting against the herd and the media. When they say everything’s coming up roses and sunshine (as they were in 1999 and 2006), it’s probably time to get sell. When they say it’s all doom and gloom, it’s a great time to buy.
he’s full of crap.
Translation — “Please vote for Democrats.”
i guess he sees DEAD PEOPLE patronizing them, because the live ones certainly aren’t.
He’s just shilling for the ‘Bamster....
I’ll second that motion!
Buffet hopes to see a huge recovery in Obama’s fortunes...after all, he endorsed this pig of a president.
Buffett is a senile moron.
If he is right, it is because people see the November 2 light at the end of the tunnel. You can bet if the dems hold the majority the econ will go down fast and furious, as will the country.
Buffet was a big Obama donor, and got a nice payoff with the stimulus, his word on this doesn’t mean much.
Is Warren smoking some of Cousin Jimmy’s stash???????
Politics more important than reality, especially when you have the type of wealth this individual has accumulated.
In about 50 days.
HOLD ON EVERYONE, NOVEMBER IS COMING!
The old fart is a salesman at heart. He knows no one buys from someone going down the tubes, so spin it up.
POS helped get the islamist elected. He has business deals in Saudi Arabia and Islamic world. Sell out ba*tard.
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