Monday, March 9, 2009

Warren Buffett is not exactly a ray of sunshine today

The economy has "fallen off a cliff"

“The people that behaved well are no doubt going to find themselves taking care of the people who didn’t behave well.”

"The current efforts to help revive the economy are likely to produce inflation that could be worse than what the country suffered through in the late 1970s."

"Unemployment will likely climb a lot higher before the recession is done."

See more of his optimism here.

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