I thought the president is saying the economy is good. What’s this from Warren Buffett.
Buffett: ‘No Question’ Global Economy Is Slowing
By Alex Crippen | CNBC
Warren Buffett tells CNBC there’s “no question” the global economy is “slowing” but the U.S. is “inching ahead” and doing better than Europe.
He also sees a “turn” for residential housing in the U.S. and as it improves, Berkshire Hathaway‘s housing-related companies will benefit.
Some of those Berkshire subsidiaries are already seeing double-digit increases in their businesses.
Buffett also tells Squawk Box’s Becky Quick that he feels “fine” and “great” after concluding a series of radiation treatments this summer for prostate cancer.
Buffett revealed that he’s bought some more share of Wells Fargo (WFC) in the past week, taking advantage of its price decline. Over the past month, the bank’s stock is down just over three percent.
Read more at Yahoo Finance and CNBC.
Who do you believe? Obama or Buffett?