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US suffering from stagflation: Warren Buffett
BILLIONAIRE investor Warren Buffett said today the United States was experiencing "exploding" inflation amid a slowing economy.
The chairman and chief executive of Berkshire Hathaway said the world’s biggest economy was in the middle of a period of stagflation and it might get worse.
"I think we are in the middle of it," he told Bloomberg TV, adding he's uncertain when that will end, "maybe not even next year."
Update:
Buffett Says He's Concerned About U.S. `Stagflation' (Update4)
``We're right in the middle of it right now,'' said Buffett, chairman of Omaha, Nebraska-based Berkshire Hathaway Inc., in an interview on Bloomberg Television today. ``I think the `flation' part will heat up and I think the `stag' part will get worse.''
How many people work for the U.S. federal government?
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The new administration is talking about cutting the number of federal
government employees.
This raises the question of how many people are employed by the...
46 minutes ago
2 comments:
Stag,
I'm ahead of Buffett on this one. Go figure. Even a blind squirrel finds a nut now and then.
It's Pain City, dead ahead.
MAB,
Even a blind squirrel finds a nut now and then.
If you start with a catchy song, everything works out in the end.
The Chocolate Squirrel
http://www.youtube.com/watch?v=XiyT7Hoqv0I
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