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Forget the FOMC staff, Warren Buffett downgrades his view of the U.S. economy, telling CNBC...

Forget the FOMC staff, Warren Buffett downgrades his view of the U.S. economy, telling CNBC there's been a clear slowdown in the last 6 weeks, though giving no detail as to what he's personally seeing. It's the most pessimistic The Oracle has sounded in some time. As for Europe, it's slipping "pretty fast."
Comments (18)
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Oops, Obama must have pissed Buffett off.
    12 Jul 2012, 08:18 AM Reply Like
  • Director one
    , contributor
    Comments (59) | Send Message
     
    Buffett could be waking up......He has been acting like the Herbert Hoover advisor to Obama and look where we are........Only change is more government interference by a president who has no experience running anything....
    12 Jul 2012, 08:25 AM Reply Like
  • Fr33f0rm
    , contributor
    Comments (300) | Send Message
     
    I love the reference to Hoover. Hoover was an extreme conservative and Obama was obviously not, but if you follow the progress of the great depression and contrast it to what is going on now...it's very similar.

     

    Maybe, Obama has nothing to do with the slow recovery...maybe it's the slow return to credit equilibrium...
    12 Jul 2012, 10:42 AM Reply Like
  • rjj1960
    , contributor
    Comments (1359) | Send Message
     
    Warren, front me 100 million and work to elect me for the Presidency........I will cut my pay to 90k per year and everyone else will do the same. My VP will be Christie from NJ, and then start. Not sure if the American people understand that the loosey goosey lifestyle is OVER. I will be considered the most hated person in the country, but so what , take the necessary steps today for some kind of future for the next generation. Buffet is down on the economy, what a surprise, the country is headed in the wrong direction and fast. Warren, e mail me so we can get started.
    12 Jul 2012, 08:30 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    In a follow-up to the Buffett interview, Reuters asked Buffett what he would do to jump-start the economy, now over three years into recovery. "Buffett stated 'I have a chant that I've developed that I think will help and can be easily understood by megaphone at the Occupy rallies:

     

    Go tell Ma, go tell Pa,
    here's the word from Omaha,
    Four more years,
    Four more years,
    Four more years,
    (repeat until recovery or until riot breaks out)'"

     

    "You can always count on those rich guys shilling for the welfare state."
    -- Albert Einstein

     

    "How ya gonna keep 'em down on the job, after they've seen food stamps?"
    -- Yogi Canter
    12 Jul 2012, 08:53 AM Reply Like
  • E.D. Hart
    , contributor
    Comments (934) | Send Message
     
    Tony,
    A google search and a yahoo search yielded zero attributions of your quote to Einstein: ""You can always count on those rich guys shilling for the welfare state."
    -- Albert Einstein

     

    Perhaps you were merely attempting humor, but its misleading to make false attributions.

     

    Similarly:

     

    "Go tell Ma, go tell Pa,
    here's the word from Omaha,
    Four more years,
    Four more years,
    Four more years,
    (repeat until recovery or until riot breaks out)'"

     

    was also apparently made up by yourself as a creative endeavor, as it has not appeared anywhere in the news except in your comment here.
    12 Jul 2012, 02:56 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Guess Obama's not getting enough soft campaign trillions from the Fed quickly enough, and needs Buffet to poke Bennie a little.
    12 Jul 2012, 10:36 AM Reply Like
  • daro
    , contributor
    Comments (1506) | Send Message
     
    maybe that is why the market is down today. the pemabulls are panicked now that buffet is not so enthusiastic abotu the economy.
    12 Jul 2012, 11:25 AM Reply Like
  • spald_fr
    , contributor
    Comments (2702) | Send Message
     
    The plagues are starting due to the drought.
    12 Jul 2012, 11:35 AM Reply Like
  • Gutone
    , contributor
    Comments (438) | Send Message
     
    You people have the capacity to turn every single economic and financial issue into politics. The comments here are so incredibly political. Pathetic guys.
    12 Jul 2012, 11:37 AM Reply Like
  • spald_fr
    , contributor
    Comments (2702) | Send Message
     
    I beg to differ. Mine was biblical.
    12 Jul 2012, 11:46 AM Reply Like
  • 440978
    , contributor
    Comments (159) | Send Message
     
    It shows a lack of understanding for the reasons why the economy is slowing. I'm bearish, but when I hear someone who's bearish because of Obama, or his "socialist" agenda, or how he's in collusion with Bernanke to win reelection, it shows how clueless these knuckleheads are when they comment on the economy. These global economic dynamics go far beyond what either Bush or Obama have been able to assert with their agendas.
    12 Jul 2012, 03:29 PM Reply Like
  • Fr33f0rm
    , contributor
    Comments (300) | Send Message
     
    My comment was meant to de-politicize the current economy. I don't really care about Obama but it irritates me that people are blaming him for the state of the economy.
    13 Jul 2012, 10:08 AM Reply Like
  • Rhianni32
    , contributor
    Comments (1995) | Send Message
     
    Odd that there is no link to the news. Where did this "quote" come from?
    12 Jul 2012, 12:02 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3809) | Send Message
     
    All self interest talk. Buffett wants The Bernank to start the printing presses real soon. this talk will only give Bernank the credibility to print more since such a wealthy smart crony capitalist promotes it.
    12 Jul 2012, 12:47 PM Reply Like
  • $CLU
    , contributor
    Comments (207) | Send Message
     
    Wouldn't be the first time Warren was talking his book.
    Might have a derivative play somewhere about to expire and needs a kick in the right direction to get out profitably.
    12 Jul 2012, 12:58 PM Reply Like
  • Mutated Photon
    , contributor
    Comments (5) | Send Message
     
    Ladies and Gentlemen, please welcome our special guest who has been hiding behind curtain #3. Big round of applause for DEFLATION.
    12 Jul 2012, 01:57 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Likely Buffett is seeing the slowdown across his retail, transport and industrial business portfolio. A double dip in jobs recession is likely and consumers tend to hold back on upgrades and purchasing discretionary items.
    12 Jul 2012, 02:55 PM Reply Like
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