tag:blogger.com,1999:blog-5465015914589377788.post4012473347841699548..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: Warren Buffett Says U.S. Still in RecessionMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-19533497566204682072010-09-27T12:05:52.485-04:002010-09-27T12:05:52.485-04:00@Gene: It's definitely true that it's nic...@Gene: It's definitely true that it's nice to know that things have stopped getting worse. But Buffett has a point as well.<br /><br />@Financial Cents: Buffett's writings make it clear that he makes his decisions about stock purchases based on the merits of the company and price, and he doesn't take into account macroeconomic conditions. That said, he may be buying stock in companies he likes but whose stock has been beaten down. I prefer to own BRK than to try to track Buffett's purchases.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-71663087463025708322010-09-27T11:53:13.163-04:002010-09-27T11:53:13.163-04:00Do you think Buffett is busy buying more stock (wh...Do you think Buffett is busy buying more stock (while the U.S. economy is weak)?Financial Centshttp://myownadvisor.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-57090818573334798302010-09-27T11:32:14.951-04:002010-09-27T11:32:14.951-04:00I like the winter analogy. I kind of agree with B...I like the winter analogy. I kind of agree with Buffett on this, but I think it's important to celebrate the return of growth too. Just knowing that things aren't still getting worse might encourage people to get out and invest and spend, which might give the economy further growth.<br /><br />Still, the US economy is still very weak, so claiming the recession is over sounds disingenuous. So many people are out of work, and house prices and sales are still not recovering.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.com