Billionaire investor Warren Buffett said the U.S. economy remains in recession, disputing this week's assessment by a leading arbiter of economic activity that the downturn ended more than a year ago.
Finally a moment of clarity filters through the spin dominated news feed. I guess you have to be a billionaire before horse blinders are no longer considered fashionable. While liquidity and the printing press can give the illusion of a recovery, it does little to provide real or debasement adjusted growth. This is why the stock market can continue to rise despite putrid business conditions.
Source: news.yahoo.com
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