Bloomberg: Billionaire investor Warren Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., said hes seen no indication of recovery from the real estate slump that helped cause the U.S. recession.
"Theres no signs of any real bounce at all in anything to do with housing, retailing, all that sort of thing," said Buffett, 78, in a Bloomberg Television interview before the Omaha, Nebraska-based companys annual shareholder meeting today. "You never know for sure, even if theres a leveling off, which way the next move will be."
"Theres no signs of any real bounce at all in anything to do with housing, retailing, all that sort of thing," said Buffett, 78, in a Bloomberg Television interview before the Omaha, Nebraska-based companys annual shareholder meeting today. "You never know for sure, even if theres a leveling off, which way the next move will be."
Paul Volcker, one of President Barack Obamas economic advisers, said this week that the economy was "leveling off at a low level" and doesnt need a second fiscal stimulus package after the $787 billion plan signed by Obama in February.
The U.S. economy contracted at a 6.1 percent annual rate in the first quarter, weaker than forecast, making this recession the worst since 1957-1958
Continue reading : Bloomberg.com
The U.S. economy contracted at a 6.1 percent annual rate in the first quarter, weaker than forecast, making this recession the worst since 1957-1958
Continue reading : Bloomberg.com
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