Warren Buffett says "We're coming back"

[christopher w]

It's like deja vu all over over again.

"I did not have sex with that woman".

"Well it depends on your definition of the word 'is'".

[brockovich]

Mike I can't control whether a tenant wants to use funds via SSI to pay me their monthly rent. I am not involved in the disbursement of those funds. I CAN control whether I choose to accept a Section 8 subsidy from the government. If I do I must comply with their standards and my rentals must conform to their standards. Mine would easily comply but I don't allow section 8 tenants and the tenant pool is still adequate to keep my vacancy below 6%.

Sure the funds would still go to someone else but at least I hold true to my principles of limited big government because I don't benefit from it.

Although I am much closer to you on the political spectrum than I probably am with Chris or Jake, they indeed have successfully painted you as a hypocrite with regards to this topic. You are an enabler of the section 8 practice if you choose to accept the subsidy for the payment of rent.

[jfpen]

Here is a link to the article.

http://news.yahoo.com/s/yblog_upshot/buffett-we--re-coming-back-no-question-in-my-mind;_ylt=AtC9Qk4U2bPqUa4z03ZcG.wYdL1_;_ylu=X3oDMTRnNWxwOTRqBGFzc2V0A3libG9nX3Vwc2hvdC8yMDEwMDcwOC9idWZmZXR0LXdlLS1yZS1jb21pbmctYmFjay1uby1xdWVzdGlvbi1pbi1teS1taW5kBGNjb2RlA21vc3Rwb3B1bGFyBGNwb3MDMwRwb3MDMwRzZWMDeW5fdG9wX3N0b3JpZXMEc2xrA2J1ZmZldHR3ZXJlYw--

With all of the doom and gloom posted here by the "Supreme Hypocrite" I thought some of you might like to read something positive for once.

FWIW- I hope Buffett is right.
        However, a while ago I watched a TV show with Warren Buffett and Bill Gates speaking to a group of MBA candidates in an auditorium at a college. It was at the time when all those FDIC billboards with Suze Orman were up to promote confidence in the banking system. Buffett and Gates spoke about how good the future was going to be for the students. It sounded like a pep talk. Their explanation for the credit crises was vastly incomplete and they vaguely talked about energy as being an economic driver. They weren't very convincing to someone looking for supporting facts or details of an economic recovery. What I found strange is that in the video, Buffett goes on the record for saying Paul Krugman’s forecast for the economy is wrong. Even though Krugman said the bubble was about to burst, he did so months, if not, years after most Austrian Theory economists had. Neither billionaire Warren Buffett or Keynesian economist, Paul Krugman were on the list of people with the foresight to see this crises coming.
          At the beginning of the year Paul Krugman said that the US needs to create 300,000 new jobs per month for a recovery to be sustained. And, now Krugman thinks we are headed into depression if we don't increase stimulus spending. It’s going to be interesting to see who is correct.


JP

[fdjake]

I believe it was BUFFET who referred to Credit default swaps and collateralized debt obligations as "FINANCIAL WEAPONS OF MASS DESTRUCTION" YEARS before they blew up in the faces of those issuing them!

I've seen the video you're talking about....IT's POPCORN and CANDY for wet behind the ears college kids who haven't had their @sses handed to them yet in the REAL WORLD!!!

WRONG AUDIENCE for frank discussion of where the economy is headed.