BUFFETT
Ecco cosa ha affermato Warren Buffett (e chi leggerà la mia intervista a Roubini - che pubblicherò solo quando i mercati crolleranno- si renderà conto che l'economista la pensa esattamente come Buffett)
"This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think," Buffett said. "This will not be short and shallow."I think consumers are feeling gas and food prices," he added, "and not feeling they've got a lot of money for other things."
On Wednesday, the U.S. Commerce Department is expected to say how fast the economy grew in the first quarter. Economists on average have projected that gross domestic product grew at an annualized 0.2 percent rate in the quarter.
Two quarters of declining GDP is a traditional indicator of recession. That last happened in 2001. Economists expect the U.S. Federal Reserve on Wednesday to cut a key lending rate for a seventh time beginning last September.
"In the retail businesses ... if anything, they've gotten a little worse," Buffett said. "Of course, things connected with housing, whether it's in brick or whether it's in carpet, those businesses have shown no uptick at all. Jewelry had a bad Christmas ... and it stayed that way."
Buffett sees no respite from the housing slump.
"I think this is going to be fairly long and fairly deep, but who knows," he said.
Iscriviti a:
Commenti sul post (Atom)
2 commenti:
peccato non conoscere l'inglese.
Caro Paolino
Visto che siamo in italia, e aime' molti conoscono solo l'italiano e come seconda lingua il dialetto, fai un bel translate english/italian , non mi va di usare google strumenti x le lingue, traduce in modo maccheronico.
Bye e good work (buon lavoro)
Sono le uniche 2 parole che conosco in inglese
Ciao
Alessandro
Posta un commento