Saturday, May 24, 2008

Buffett on the Economy

The American economy is undoubtedly facing an uphill battle. The slow erosion of the housing market coupled with record oil prices is putting a strain on consumers and their pocket books. Even Warren Buffett is concerned, and expects this "recession" to last a while. However, he is sticking to what he knows best, and that’s to continue buying. He stated yesterday, even “If the world were falling apart I'd still invest in companies.” That’s a pretty strong statement, and a lesson to everyone listening: Keep buying!

Read the full article here

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