US suffering from stagflation: Warren Buffett
BILLIONAIRE investor Warren Buffett said today the United States was experiencing "exploding" inflation amid a slowing economy.
The chairman and chief executive of Berkshire Hathaway said the world’s biggest economy was in the middle of a period of stagflation and it might get worse.
"I think we are in the middle of it," he told Bloomberg TV, adding he's uncertain when that will end, "maybe not even next year."
Update:
Buffett Says He's Concerned About U.S. `Stagflation' (Update4)
``We're right in the middle of it right now,'' said Buffett, chairman of Omaha, Nebraska-based Berkshire Hathaway Inc., in an interview on Bloomberg Television today. ``I think the `flation' part will heat up and I think the `stag' part will get worse.''
Final Look at Local Housing Markets in February
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Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local
Housing Markets in February
A brief excerpt:
Note: Most analysts were surprised...
2 hours ago
2 comments:
Stag,
I'm ahead of Buffett on this one. Go figure. Even a blind squirrel finds a nut now and then.
It's Pain City, dead ahead.
MAB,
Even a blind squirrel finds a nut now and then.
If you start with a catchy song, everything works out in the end.
The Chocolate Squirrel
http://www.youtube.com/watch?v=XiyT7Hoqv0I
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