Friday, July 08, 2011

Buffett Bets ‘Very Heavily’ Against Second Recession Even After Jobs Data

Bloomberg reports:
Billionaire Warren Buffett said he is wagering on continued economic expansion and doesn’t expect a second recession.
“I would bet very heavily against that,” Buffett told Bloomberg Television’s Betty Liu on the “In the Loop” program today after data showed slowing U.S. job growth. “How fast the recovery will come, I don’t know. I see nothing that indicates any kind of a double dip.”
Warren Buffett(Democrat-TARP) doing his bit for the Obama regime.