Saturday, May 02, 2009

Some encouraging news from the financial front. Warren Buffett says that the government is doing the right things with the economic meltdown that the last six months have witnessed.

I don't know, but if any investor magnate would have a "feel" for this assessment I guess it would be Buffett.


yahoo news

BUFFETT SAYS GOVERNMENT IS DOING THE RIGHT THINGS

OMAHA, Neb. – Billionaire Warren Buffett said Saturday that the U.S. government is taking the correct actions to help the economy recover.

Buffett spoke briefly before the opening of the annual meeting for his Berkshire Hathaway Inc., expected to draw an audience of roughly 35,000 people.

"The government is doing the right things," Buffett said. "They're acting in a countercyclical manner."

But Buffett said he can't predict how quickly the economy and the markets will improve. He said last fall that the U.S. faced an "economic Pearl Harbor."....

I guess we shall just have to "wait and see" but it is a little refreshing to have someone on Buffett's level give a positive word.

XtnYoda, shalomed

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