Wednesday, June 24, 2009

Warren Buffett to CNBC: U.S. Economy In "Shambles"; No Signs of Recovery Yet (Video)

From CNBC:

In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet."

While the economy is a "shambles" and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a period of years.

Buffett says the nation should concentrate on creating jobs.

Buffett also noted that he had a cataract operation on his left eye about a month ago. He joked that he thought it might help him see "green shoots" for the economy, but so far he hasn't seen any hopeful signs.

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1 comment:

  1. I think Warren Buffet is taking the realistic approach regarding the economy. At least he is situated among the opinions of the average American. New polls suggest people are less than optimistic about our economy.