On 9/30, Warren Buffett and Lakshman Achuthan of the Economic Cycle Research Institute provided some yin and yang.
Lakshman asserted that a return to recession is "inescapable" and unemployment is accelerating upward. Most alarming, this will occur regardless of what transpires in Europe. According to Barron's, the ECRI has predicted the last three recessions with no false positives
Then there was Mr. Buffett saying he was confident we are not heading for a double dip and that he is buying stock aggressively. He said that the 70 or so companies that he owns are performing quite well and he expects that to continue.
We report, you decide.
No comments:
Post a Comment