SubscribeAll Posts Tagged With: "Warren Bufett"
Warren Buffett, the “Oracle of Omaha,” Tells German Audiences That the U.S. Economy is in a Deep Recession
The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel.
The United States is “already in recession… perhaps not in the sense that economists would define it [with two consecutive quarters of declining gross domestic product (GDP)] but the people are already feeling the effects,” Buffett said. “It will be deeper and last longer than many think.”
As Money Morning reported back in March, Buffett made a similar pronouncement to U.S. audiences during an interview with the popular…
27May2008 | Money Morning | 1 comment | ContinuedDueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett’s Housing Expert Sees Rebound Under Way
When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another – once again underscoring how tough it is for investors to predict when the U.S. economy will turn around.
Jim Rogers, a best-selling author who co-founded the famed Quantum Fund with George Soros back in 1970, told Bloomberg News Thursday that the global credit crisis caused by the subprime mortgage meltdown is nowhere near over.
“I doubt that we’re half way through the financial crisis,” Rogers stated at a Barclays PLC (BCS) news conference Thursday in Singapore, where he…
12May2008 | Money Morning | Comments Off | Continued
Loading ...
