Thread: Buffett Sees No Double-Dip Recession in U.S.

Buffett Sees No Double-Dip Recession in U.S.

By DANNY KING
Posted 3:26 PM 09/13/10 Economy, People, Investing, Berkshire Hathaway, Wells Fargo & Co

Berkshire Hathaway (BRK.A) CEO Warren Buffett said a second, near-term recession in the U.S. is unlikely and said his companies have boosted hiring over the past couple of months, Bloomberg News reported.

Buffett said the U.S. economy "will not have a double-dip recession at all," the wire service reported, citing Buffett's remarks during a keynote speech at the Montana Economic Development Summit earlier Monday.

The billionaire investor, whose company is Wells Fargo & Co.'s (WFC) largest shareholder, cited U.S. banks' growing willingness to lend to small businesses as illustrative of an economy on the mend, Bloomberg reported. Buffett called the lending situation "night and day from a year, year and a half ago," according to Bloomberg.

The Berkshire chief was listed this year by Forbes as the world's third-wealthiest person, whose $47 billion net worth trails only that of Carlos Slim Helu and Bill Gates.

See full article from DailyFinance: http://srph.it/b4XPOU

http://www.dailyfinance.com/story/inves ... /19631845/

It's great to get info from the 3rd richest man in the world

rather than from bloggers.

Maybe no recession for him, the Fed will just print more money to inflate the money supply. For everyone else who is unemployed or has their wages cut those inflated dollars will buy less, it will sure feel like a depression to them.