Warren Buffett says no "bounce" for economy

Discussion in 'Economics' started by piggie2000, Sep 16, 2009.

  1. go mkt up 60% when not a whole hell of a lot has changed. i've heard of discounting the future but 3-5 years out is a bit much.

    07:15 Warren Buffett says no "bounce" for economy, but residential real estate has improved - CNBC.com

    CNBC.com reports Warren Buffett says that while the economy "hasn't gotten worse" but also hasn't "gotten much better" over the past three months, he doesn't expect a 'double-dip' recession and sees significant improvement in residential real estate. In a taped interview, Buffett says he looks at a number of indicators, including data from Berkshire Hathaway companies, and "we have not bounced -- but we've quit going down."