Breaking from Moneynews.com Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing. “I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.” The Global Supply Crisis that Could Cripple China After a decades-long global commodity grab, China how has all the oil, and coal and natural gas it needs… But it’s supply of another critical commodity has drastically dwindled. Without this commodity, the country’s technology and infrastructure booms would likely come to a screeching halt. Luckily, one tiny American company, on the ground in China, has just discovered the solution. Early investors could make as much as $4.6 million. For complete details on this fast-breaking situation, please CLICK HERE now. Berkshire bought railroad Burlington Northern Santa Fe Corp. for $27 billion in February in a deal that Buffett, 80, called a bet on the U.S. economy. The billionaire’s outlook contrasts with the views of economists such as New York University Professor Nouriel Roubini and Harvard University Professor Martin Feldstein, who have said the odds of another recession may be one in three or higher. “I’ve seen sentiment turn sour in the last three months or so, generally in the media,” Buffett said. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.” Buffett built Omaha, Nebraska-based Berkshire into a $200 billion provider of insurance, energy and luxury goods and services over four decades. The company cut about 20,000 jobs last year as demand for its products declined. © Copyright 2010 Bloomberg News. All rights reserved.
Buffett Rules Out Double-Dip Recession Amid Growth
Tuesday, 14 September 2010
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