"If you love wealth more than liberty, the tranquility of servitude better than the
animating contest of freedom, depart from us in peace. We ask not your counsel
nor your arms. Crouch down and lick the hand that feeds you. May your chains rest
lightly upon you and may posterity forget that you were our countrymen."
Samuel Adams, (1722-1803)
Monday, September 13, 2010
Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now
“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 gloomy rhetoric, that's to be taken seriously........