Sunday, May 3, 2009

Warren Buffet on the economy

Buffett Praises U.S. Decisions on Economy

Washington Post — Billionaire investor Warren E. Buffett spent Saturday praising the decisions U.S. officials made to try to right the economy in the midst of a "financial hurricane" and defending the ones he made to help his company navigate the storm.
The state of the economy and his company Berkshire Hathaway's recent performance were among the first things addressed at Berkshire's annual shareholders' meeting. About 35,000 people packed an arena to listen to Buffett and Berkshire Vice Chairman Charles T. Munger answer questions for five hours.
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Buffett sees some housing market stabilization

Wall Street Journal Market Watch — Berkshire Hathaway Chairman Warren Buffett said Saturday that he sees some signs of stabilization in housing markets.
"In the last few months you've seen a real pickup in activity although at much lower prices," Buffett said, citing data from Berkshire's real estate brokerage business, which is one of the largest in the U.S.
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Warren Buffett: Inflation on the horizon

CNN Money — Berkshire Hathaway chief Warren Buffett defended the government's handling of the economic crisis, but warned that the purchasing power of the dollar may fall as policymakers stretch to finance expensive rescue plans.
Reflecting on the near implosion of the financial system last fall, Buffett said officials should be judged more leniently when facing "as close to a total meltdown as you can imagine."
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