Warren Buffet Confirms US Recession
Read the full article: http://jeflin.net/2008/05/24/warren-buffet-confirms-us-reces...
In recent months, amid the housing slump and credit crunch, US economic growth came to a standstill and many economists believe the world’s largest economy is heading for a recession.
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No surprise there, he could
No surprise there, he could be waiting for more pain to permeate the economy at large before snooping in for the bargains.
I imagine that is his
I imagine that is his plan....waiting for the market and the economy to fall to levels he feels are attractive and give him his margin of safety.
He has overtaken Bill Gates
He has overtaken Bill Gates as the richest man, and I expect the master of valuations to widen the gap further.
It has taken 13 years for
It has taken 13 years for this day to come. Do I hear $100B? Wait, I want to be the first to $100B...Only about $101B to go!
Is it really a surprise?
Is it really a surprise? Warren Buffett was shorting the dollar and has been talking about the fall of the US economy for quite awhile.