Do words like these coming from stature like a Warren Buffett make me feel a bit better about our economic future? Sure. (Unless he’s going senile and no knows it yet). All kidding aside, he is one savvy capitalist who has stood the test of time and literally has seen it all (he begun investing in companies more than 60 years ago). And, he’s got one the best performance track records (of anyone popular). Top this cake off with a little encouragement from Microsoft and their outlook for PC sales and hence consumers and companies willingness to spend – and finally things start to look a bit brighter than some of the news headlines we have all read recently.
Two of the biggest names in business say they see a bright future for the economy.
Famed investor Warren Buffett says there will be no double-dip recession as some fear. He says banks are lending money again, businesses are hiring employees and he expects the country to come back stronger than ever.
The chairman of Berkshire Hathaway Inc. was speaking Monday via video to the Montana Economic Development summit in Butte.
Microsoft Corp. CEO Steve Ballmer says there soon will be more technological advancement and invention than seen during the Internet era. He says that will help drive business growth.
The conference was organized by U.S. Sen. Max Baucus. The Montana Democrat says it leaves "bickering and name-calling" back in Washington, D.C., so leaders can find good ideas.
By Matt Gouras, The Associated Press
BUTTE, Mont. -
www.saveriomanzo.com
Source: Abby Joseph Cohen ‐ Goldman Sachs, Morgan Stanley, Michael Hartnett‐ Bank of America Merrill Lynch, RBC Capital, Donald Coxe ‐ Coxe Advisors, BMO Capital Markets , David Rosenberg ‐ Gluskin Sheff + Associates, Barry Ritholtz - The Big Picture, T. Rowe Price, Federated Investors, Brain Fabbri ‐ BNP Paribas, Sherry Cooper – BMO, Kurt Karl ‐ Swiss RE, Investment Postcards, Barry Ritholtz, Peter Grandich, Nouriel Roubini, Marc Faber, Bill Gross ‐ PIMCO, Barton Riggs, Eric Sprott – Sprott Capital, Jeremy Siegel, Steven Leuthold, Jeremy Grantham, Merrill Lynch Fund Managers Survey & Warren Buffett.
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