Legendary Investor Warren Buffet says we are still in Recession,I totally agree with the guru...how could we be out of recession, look at the real data, not the numbers...the numbers are distorted. We still have over 16 million unemployed and growing, GDP going down. This is really bad.
“I think we're in a recession until real per capital GDP gets back to where it was. That is not the way the National Bureau of Economic Research measures it,” Buffett tells CNBC.
“The average American is below where he was before or his family, in terms of real income, GDP. We're still in a recession. And we're not gonna be out of it for awhile, but we will get out of it.”
In remarks to the Montana Economic Development Summit, Mr. Buffett said that things are looking up for the US economy. He said “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”I understand and agree that businesses and economies are dynamic, changes every second. Mr. Buffet felt different on 9/14 than what he feels today but Holy Cow...the stock markets are going up the economic indicators are still bad and getting worse, this is stupendously confusing... what do you have to say?
He went on say he does not see the sour sentiment as expressed in the media over the past several months. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”