Sunday, July 10, 2011

Warren Buffett – US Economy No Double Dip Recession / Second Recession

Warren Buffett:

Unemployment will recover and might get back to around 6%
You don’t add jobs until demand increases consistently
Obama policies are not the reason for housing slowness
Obama should be raising taxes for high earners
We shouldn’t interrupt US payments because of a squabble in DC
Used $9 billion of cash on Lubrizol, so our gun is lower on bullets
No deals in the works right now, but always are looking for new ones
Only buy companies I understand, so tech is difficult for us to weigh
Don’t have to right on dozens of things, need to be right on some
Don’t necessarily have a tech bubble, people and greed form bubbles
It’s not that easy to form a $100 billion company
Jamie Dimon steered his bank through crisis very well
Reducing leverage in the financial system a great idea
Warren made enemies, but filled a necessary role on excesses
Click here to watch what has Warrant Buffett, CEO of Berkshire Hathaway Inc. told Bloomberg Television’s Betty Liu on the “In the Loop” program about US economy.

What is Double Dip Recession?

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