Warren Buffett: US is in 'economic Pearl Harbor'

The richest man and the most successful investor in the world, Mr. Warren E. Buffett, says in NBC interview that:

- US is in 'economic Pearl Harbor' and that 'Obama the absolute right commander-in-chief'; Buffett stated "You couldn't have anybody better in charge."

- Americans are in a cycle of fear, "which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time."

- He said that nation's economic situation is not as bad at World War II or the Great Depression, but it's still pretty severe.

- He did not know how long the crisis would continue.

Source: MSNBC, Yahoo News - AP

Notice:

• The information, articles, writings, or documents posted online on this website (www.sovestor.com) or offline (printed material) contains the past and/or current opinions of the author(s) but not necessarily those of Sovestor.com or Cheetah Capital Management Group. The author’s opinions are subject to change without notice. This article is distributed for educational and/or informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this article may be reproduced in any form, or referred to in any other publication, without express written permission of Cheetah Capital Management Group. To request persmission, please send us email at contactus@cheetahcapital.com and describe the request in detail. Cheetah Capital Management Group may or may not process or approve the request.
• The material (published either online or offline (printed)) is intended solely for your general information. It is not intended as a recommendation and should not be construed as an offer to sell or the solicitation of an offer to buy any fund, hedge fund or security. This material is not intended to address every situation, nor is it intended as a substitute for the legal, accounting or financial counsel of your professional advisors with respect to your individual circumstances. Any entity referenced herein is solely for your information and does not constitute a recommendation or endorsement by either Sovestor.com or Cheetah Capital Management Group.