Buffett: "Economy in a recession, will be worse than feared". We knew back in July 07
Buffett: Economy in a recession, will be worse than feared
28 Apr 08 NEW YORK (Reuters) —
"This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think," Buffett said. "This will not be short and shallow.
"I think consumers are feeling gas and food prices," he added, "and not feeling they've got a lot of money for other things."
"In the retail businesses ... if anything, they've gotten a little worse," Buffett said. "Of course, things connected with housing, whether it's in brick or whether it's in carpet, those businesses have shown no uptick at all. Jewelry had a bad Christmas ... and it stayed that way."
The Oracle needs a replacement, he is getting slow.... Why not abitarecatania?
Abitarecatania Blog Posts:
Call me a "bear". I have been called worse by nicer people then you!
October 24, 2007
Why the Market sold off and will continue. Sinking Currency, Sinking Country
November 11, 2007
SEL! SELL! SELL!!!!!!!!! Bear Market Confirmed! Goldman's Abby Cohen calls for S&P 500 Rising 14% by 2008'
December 05, 2007
"100% chance of a recession in the next year"
December 27, 2007
Predictions 2008: S&P Falls 25%, Chinese Mkt Falls 40%, Ron Paul Wins Presidency, Oil $175 etc...
December 30, 2007
Global Recession and What to Buy
January 11, 2008
Why the U.S. stock market is going down and why that is good news for Ron Paul.
January 22, 2008
Greenspan Says Global Recession Is `Inevitable' After `Boom'
January 24, 2008
David Rockfeller On Ron Paul / RP Supporter Calls Market Crash
January 27, 2008
Nouriel Roubini: The Housing Debate: "it is not going to be okay"
February 03, 2008
Survival of Republic; US Headed for Fiscal Crisis (60 Minutes interview); Ron Paul is Right
February 18, 2008
Bush Dismisses Iraq Recession: The War Has ‘Nothing To Do With The Economy’
February 19, 2008
Jim Rogers "The dollar is going to loose it's status as the world's reserve currency" 25Feb08
February 26, 2008
Shark vs. Shark at Mall of America; Severe Recession Fears in Fish Tank
February 27, 2008 –
The Ultimate Sell Signal: Resignation of top GAO David Walker
March 01, 2008
CNN Money: Williams Admits Great Depression Coming
March 02, 2008
Gold Beats Financial Assets as Global Distrust of Central Bankers (Bloomberg)
March 03, 2008
"In the long term, the dollar is a doomed currency. It will go to zero," Faber Says Bernanke Policy Will `Destroy' U.S. Dollar"
March 08, 2008
Jim Rogers "FED is using taxpayers money to buy BSC Traders Maserati....they are setting up a failure of FED Reserve Bank"
March 17, 2008
Why the US is collapsing - by a Swede Rick Falkvinge
March 23, 2008
Shouldn’t The Stock Market Be Down A Lot More Than It Is? It should – and it is.
March 26, 2008
Jim Grant - Fed's Balance Sheet an `Economist Nightmare'
March 28, 2008
12 Ways To Prepare For The Next Great Depression
April 13, 2008
Being a Bearish, Does not Mean I am Depressed or that I will Eat Bugs…(unless I have to)
April 21, 2008 –