Warren Buffett: Economy will be in *shambles* for 2009

Buffett supported the one who is going to make sure it stays in shambles!

 

Thanks, Warren, for that insightful analysis. BTW, how are your mfg housing mortgage companies doing these days?

 

In case you haven't noticed it is already in shambles and we all know it will get worse before it gets better.

 

I believe we will be fortunate if this recession does not turn into a full blown depression before it is over. I hope the government is able to at least lessen the impact on many of our citizens before this is over.

 

We absolutely will be fortunate if the economy doesn't tank into a depression with all the generational and unprecedented debt we are now in.

 

Well, Obama says that rebuilding credit will fix it.....

Credit is what got us here in the first place!

 

That is because he is a liar. He knows credit will not fix it. He just wants to usher in his socialist/communist and un-American agenda. Libbies hate American and want to remake it. They are working hard to do it. They have been brain washed by their communist college professors and only do that witch their brain dead minds allow them to do. Walking zombies they are.

 

Credit must begin flowing again, i.e. banks have to have enough faith to start lending again. No economy will work with out credit ... even economies in the middle ages knew this and because Christians then could not lend money at interest businessmen turned to Jewish families. Those families over time became very rich, and these same businessmen then hated the Jews for being rich.

However, the point is without the availability of funds to be borrowed the economy will continue to head south.

 

What happened to all your confidence in the Obama spending plan?

If you don't think that it will work - evidenced by your hope that all that spending will "at least lessen the impact" of a "full blown depression" - why do you support it?

 

Because the situation will be much worse without it.

“There’s a real panic in the markets, with some people wanting to buy long-term insurance at any price,” said Peter Sorrentino, who helps manage $16 billion, including $130 million in options at Huntington Asset Advisors Inc. in Cincinnati. “People have lost hope.”

 

:laugh: :laugh:

You must have majored in hyperbole in school.