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

Posted on: September 14, 2010 - 5:16am

cygo

Posts: 144

Joined: 2010-09-10

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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 Economy Famed 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

Posted on: September 14, 2010 - 3:43pm #1

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Well, it could hurry up my

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

Posted on: September 15, 2010 - 6:44am #2

cygo

Posts: 144

Joined: 2010-09-10

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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.