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Originally Posted by Azure
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Jim Kramer had some harse words towards Buffett today
It's not like he hasn't been wrong numerous times in the past year...When Kramer speaks you can still multi-task. When Buffett speaks you stop what you are doing and listen to every word he says. He has been humbled lately but still has a body of work that can't be matched.
Buffett on CNBC today :
-Consumers are as scared as he has ever seen them. You can get scared quickly but it takes a long time to get confident again.
-In 5 years he can guarantee that the machine will be running fine but he would like to get there faster than 5 years and we can.
-In economics there is no free lunch and the US is going to attempt to have a lunch now that they are going to pay for in the future.
-President Obama is a very smart person and the right man to be comander and chief during this economic crisis.