Buffett Says 'Bet Heavily' Against Double-Dip Recession

July 8 (Bloomberg) -- Warren Buffett, chief executive officer of Berkshire Hathaway Inc., talks about the debt ceiling debate and the U.S. economy.
Buffett, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses his views on acquisitions, the labor market and Todd Combs. (Source: Bloomberg)

[@HaiTran-fi1uc]

looking back hindsight to what he said 9 years ago and its mind boggling how accurate he was at forecasting the real estate market. Even now that we are a second coronavirus induced recession, the housing market is booming along and there is a big inventory shortage.

[@Truongchihai83]

I'm glad that we share the same name and same interest in Warren Buffett . LOL

[@zofiamartin1672]

Warren Buffet has a lot of experience on multiple recessions in the US market. Recessions are just a normal part of the economic cycle, it was easy for him to say the economy will come back. Because of course, sooner or later it definitely will

[@simonwalsh3788]

Smart rational thinker. Great soul.

[@ronniedelahoussayechauvin6717]

I have Railroad on my Tax's, I know nothing about Railroads. Sounds Like Marketing Corruption. Crimes

[@chineseal]

What a terrific speech on behalf of the US Gov't.!!!!!

[@BibinBCherian]

Legendary thinker, investor, and most importantly - teacher. Thank you Warren.

[@martinchingy]

at 25:28, interesting opinion from warren on guithner. jim rogers has an entirely different opinion on him.

[@TrailBlazer5280]

Just had a conversation with someone about the president getting too much blame and too much credit. Funny that he says the same here about government. Let’s all remember WE run and we drive this economy, not the government.

[@williambagley5415]

The economy is back. Thank you, President Trump 😎

[@dre10121012]

thank who again?

[@finess3]

He called it

[@leepakim]

he is a LEGEND! wow.

[@ronniedelahoussayechauvin6717]

Hmmmm.....

[@ronniedelahoussayechauvin6717]

Crimes

[@edwardtang1977]

he has to be optimistic because his own money is at stake. The truth tells otheriwse

[@lakshmimondal3808]

What do you think now .never doubt warren buffet

[@ricochetVendetta]

Our credit is good because we can print money. wtf is that, he speaks in riddles but that is fairly clearly rubbish or Zimbabwe would be doing awesome. The buyer of the debt the bonds or the money even are who decide if usa credit is good, nothing to do with printing

[@CyanideShock]

I know your comment is old but ill reply anyway just in case somebody else is confused. If the debt is denominated in your own currency, you can effectively pay off the debt by printing out money to pay for it. This has the negative effect of causing inflation in the economy which will most likely be worse than the debt payments you were paying originally. Hence why, Zimbabwe is not doing 'awesome' because it is suffering from such large inflation amongst other terrible things.

[@sherlockholmes6768]

You can up the fiscal deficit in the United States because exports are strong. In Africa there is a huge trade deficit and there are more imports than exports

[@ricochetVendetta]

@@sherlockholmes6768 USA and many other western countries have a trade deficit, far too many imports to balance it out. The big advantage with the dollar is its held as a central bank asset by most of the world so the currency is valued higher then it would be otherwise. The problem with the debt it is bound to unwind, it will be a mess. Germany has trade surplus, presumably it matters at some point.

[@hwy9nightkid]

Ultimate cheerleader...

[@slhines7]

He has already lost his bet then, for we are already in a depression.

[@amirjon]

this comment did not age well!

[@Kukenango]

I want to believe!

[@Heavy_Distortion]

does Buffet smoke pot?