Monday, 21 January 2013

A vote of confidence from Warren Buffett on US economy

NEW YORK (MarketWatch) — Billionaire Warren Buffett believes the federal deficit should be stabilized in relation to U.S. economic growth, but that the nation’s $16.4 trillion in red ink is not trouble in and of itself. 

“It is not a good thing to have it going up in relation to GDP, that should be stabilized, but the debt itself is not a problem,” the CEO of Berkshire Hathaway said in an interview broadcast Sunday on the CBS “Sunday Morning” news show. 

To read on:

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If Warren Buffett is not worried, so shouldn't we. I agreed that US economy is going better and should improve. We just need to wait for unemployment rate to decrease, and inflation and rising of interest rate will start to kick in.

Hence the Bull market should live on this year... just be careful of short term correction

Rgds
Daniel

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