Warren Buffett Quotes on the 2008 Global Financial Crisis

By
David
– July 15, 2011Posted in: Strategies

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.

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.

We’re still in a recession. We’re not gonna be out of it for a while, but we will get out.

We’ve used up a lot of bullets. And we talk about stimulus. But the truth is, we’re running a federal deficit that’s 9 percent of GDP. That is stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II.

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in 2007, we just didn’t know it was uncertain. It was uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn’t know it.

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

I think the most important factor in getting out of the recession actually is just the regenerative capacity of American capitalism.

We live in a world of dominoes. But confidence, confidence comes back one by one.

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