Buffett, Ballmer predict bright economic future

[Apparition]

BUTTE, Mont. — Two of the biggest names in business say they see a bright future for the economy.

Famed investor Warren Buffett says there will be no double-dip recession as some fear. He says banks are lending money again, businesses are hiring employees and he expects the country to come back stronger than ever.

The chairman of Berkshire Hathaway Inc. was speaking Monday via video to the Montana Economic Development summit in Butte.

Microsoft Corp. CEO Steve Ballmer says there soon will be more technological advancement and invention than seen during the Internet era. He says that will help drive business growth.

The conference was organized by U.S. Sen. Max Baucus. The Montana Democrat says it leaves "bickering and name-calling" back in Washington, D.C., so leaders can find good ideas.

Source: http://www.google.com/hostednews/ap/article/ALeqM5hVkx_7UNtyeKbQFvk5l0_qupyh6QD9I757UO2


And yet the M$M constantly flock to this guy for financial forecasting despite being inaccurate time and time again?

How saddening...

[MNeagle]

Of course there won't be a double-dip...


for him!

[cedarchopper]

They might be right, lots of debt has been written off and people are saving. About when the masses think it is getting worse and it can't get better, it does the opposite.

This is probably a good time to start a business if you know what you are doing. Start up in a recession lean and mean, and grow on the upswing.

[ximmy]

They might be right, lots of debt has been written off and people are saving. About when the masses think it is getting worse and it can't get better, it does the opposite.

This is probably a good time to start a business if you know what you are doing. Start up in a recession lean and mean, and grow on the upswing.


Dude, you have no freakin idea.. Peeps aren't saving in the traditional sense, "savers" are cashing in their retirement accounts, not paying mortgages and living rent/mortgage free in foreclosed homes. (wow, bank savings accounts are increasing... wonder why, umm, Mom, can you put this in your account so I won't be audited)...

How many 100's of banks have been "chosen" to fail and then consolidated into the big federal reserve banks, check your local television commercial for names of these "consumer friendly" conglomerates....

Rents for unoccupied business buildings haven't reached reasonable rates yet for start up businesses...

start ups are mainly retail and service... no production... duh...

banksters are making sure real estate remains 30-50% higher than it should... and waiting for another government salvage program... while they glean property & sit on ghosted foreclosed inventories...

are you 15??? ... do some homework dude
ximy

[ShortJohnSilver]

And yet the M$M constantly flock to this guy for financial forecasting despite being inaccurate time and time again?

How saddening...


He is telling you what he wants you to believe and act on... not what he is actually doing.

This is the same guy that told everyone that derivatives were "weapons of financial destruction" then had to admit a couple years later that he had bought several Billion $ worth of derivatives.

[gunDriller]

This is the same guy that told everyone that derivatives were "weapons of financial destruction" then had to admit a couple years later that he had bought several Billion $ worth of derivatives.


Buffett also bought a boatload of silver @ $5 and sold at $10 when it hit his price target.

doesn't mean a whole bunch but ... he could do it again.