Buffett's gloomy economic predictions
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."
Pick your number : 2 Trillion, 2 Trillion or 10 Trillion...
Return on Investment appears to be not was expected nor promised.
And future generations till get to pay off the debt.
And, unlike others, I hope the man's stimulus plan succeeds.
It would prevent a lot of suffering by ordinary people.
The Cyncial Patriot
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San Diego, California, United States