Posted on 07/01/2009 11:45:25 AM PDT by RobinMasters
Warren Buffett doesn't see the "green shoots" Ben Bernanke and other bullish investors have spoken of in recent months. In fact, the billionaire investor believes the economic picture will grow darker before things improve.
"Everything I see about the economy is that we have had no bounce," Buffett told CNBC anchor Becky Quick in a televised interview Wednesday. "There were a lot of excesses to be wrung out and that process is still under way, and it looks to me that it will be under way for quite awhile. In the annual report, I said that the economy would be in shambles this year and probably well beyond, and I think that is true."
From our vantage point, the nearly $1 trillion in outstanding U.S. credit-card debt could be the next major crisis to roil the economy... Losses on U.S. credit cards rose above 10% of the total loans outstanding in May – a new high in the 20-year history of the Moody's Credit Card Index, and the sixth-consecutive monthly record.
(Excerpt) Read more at istockanalyst.com ...
You wanted him, you got him, Warren.
“I said that the economy would be in shambles this year and probably well beyond, and I think that is true.”
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In continually advocating that the government take a larger share of the economy, what else did you expect, you hugely over-rated, Oracle of Dumbass.
The total derivatives bubble is almost incalcuable. Some think you would have to go to QUADrillion to show the total pretend value of all derivatives. If/when that collapses it basically would mean total global collapse.
I don’t think they can reinflate a new bubble, they are now just trying to keep the thing from blowing up.
There is so much fake account entry money/credit floating around it is almost incomprehensible.
Anyone with an ability to pass what used to be 8th grade math can see the train at the end of the tunnel.
Of course, this is why libs think it’s just a light at the end of the tunnel.
“You wanted him, you got him, Warren.”
Perfect response to any 0bot.
~~PING!
Gee, I’m no billionaire financial wizard investor or anything, but I think I’ve figured out that the economy will get a lot worse before it gets better. Thanks for the brilliant insight, Warren. Now shut up.
crumbling economy benefit the superwealthy, because they can get bargains when less wealthy people had to sell
More profound wisdom from...”The Orifice of Obamaha”
“what else did you expect, you hugely over-rated, Oracle of Dumbass”
Buffett is the most overly hyped investor in history. He is a neanderthal brick and mortar Proctor & Gamble, Coca Cola type of investor who made lucky guesses and never spent a dime enjoying himself.
He is also a dumbass knee jerk liberal.....a lousy husband and father, and a tightwad who quit driving a shitbox only because his wife threatened to leave him.
BUFFET = POLITAL IDIOT!
Hey Warren! You endorsed the people who will make things worse!@
As soon as I heard the mentioning of ‘green shoots’ in the economy, I started wondering what if we have Chance the Gardener in the White House?
Because he stands to profit from their actions.
He can SHUT UP or do something about it, he can expose and start apologizing for what he helped to creat. He can go on Glen Beck, Limbaugh,Hannity and tell all he knows.
you voted for obama, warren.
As soon as I heard the mentioning of ‘green shoots’ in the economy, I started wondering what if we have Chance the Gardener in the White House?
Yes, Mr Secretary Geithner…I do see ‘green shoots’ coming up
“Mr Buffet, as I told the Treasury Secretary…there ARE green shoots”….
Being There====The original Forrest Gump...Luv It !!!!
He won’t do that.
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