Warren Buffet’s thoughts about the economy & other stuff

• Progress in economic war pretty flat. 
• No bounce in true economy in everything he has seen so far.
• Takes a while for the economy to come back.
• See’s no green shoots at all. It hasn’t happened yet.
• Unemployment will lag the actual turn of the economy for sure.
• Bernanke did a fabulous job saving the economy.
• Ben Bernanke should continue 2nd term, sees no one that could do better… Bernanke is very much the key.
• We all got overleveraged in the American arena and need some regulating to make sure something like this doesn’t happen again.
• Its in human nature to go in excess so its kind of natural to see something like this possibly happening again.
• “Inflation is a very big worry. We have done things that will lead to high rates of inflation in the longer term not near term”
• Earnings power of Wells Fargo is strong with or without the TARP money.
• Rest of it is about Apple’s Steve Jobs and stuff.. Not much of a concern for me..

Source: CNBC