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.”
...
“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.”
http://finance.yahoo.com/news/Buffe...1.html?x=0&sec=topStories&pos=1&asset=&ccode=
Speaking for myself, I'm noticing the same thing. Although I'm Canadian, I only invest in U.S. stocks and in 2010, the income statements and balance sheets of the companies I'm involved in have stabilized and are getting stronger! I'm close to having another 30% tax-deferred annual return.
“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.”
...
“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.”
http://finance.yahoo.com/news/Buffe...1.html?x=0&sec=topStories&pos=1&asset=&ccode=
Speaking for myself, I'm noticing the same thing. Although I'm Canadian, I only invest in U.S. stocks and in 2010, the income statements and balance sheets of the companies I'm involved in have stabilized and are getting stronger! I'm close to having another 30% tax-deferred annual return.
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