Buffett Says Economy Fell Off Cliff

Buffett says economy fell off cliff

NEW YORK (Reuters) - Warren Buffett said on Monday the U.S. economy had "fallen off a cliff" but would eventually recover, although a rebound could kindle inflation worse than that experienced in the late 1970s.

Sections:  news   business   
RELATED ARTICLES
  • US home sales rebound slightly in February
    U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
  • One of Warren Buffett's 8 "Forever" Holdings Just Became Wall Street's Newest Stock-Split Stock
    Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium ...
    07/4/2024 - 10:06 pm | View Link
  • Oil prices slip after data points to cooling U.S. economy
    Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation.
    07/3/2024 - 1:37 pm | View Link
  • Fed officials at last meeting saw price pressures in decline, minutes show
    WASHINGTON (Reuters) -Federal Reserve officials at their last meeting acknowledged the U.S. economy appeared to be slowing and that "price pressures were diminishing," but still counseled a ...
    07/3/2024 - 9:02 am | View Link
  • Stock market today: Wall Street hits records as a slowing economy boosts hopes for lower rates
    Wall Street's record-breaking rally kept going Wednesday after weak reports on the U.S. economy kept the door open for possible cuts to interest rates.
    07/3/2024 - 7:40 am | View Link
  • US Economy News Today: Services Sector Activity Drops on Declining New Orders
    In other labor market data released Wednesday, layoffs were down 23.6% in June from the month prior, according to a monthly report from Challenger, Gray & Christmas. The report found that employers ...
    07/3/2024 - 3:16 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News