"For the last two years, I’ve seen everything except housing moving forward in the economy," Buffett, 81, told Betty Liu in a July 13 interview on Bloomberg Television. "In the last few months, the rest of the economy actually has flattened out. Housing is picking up."
Yeah, the economy has been *moving forward* the past 2 years.
What a freakin' Moron!
I guess by economy he means stock prices....but not food prices, energy prices, taxes, or debt. And I guess he's not talking about jobs either.
This 'old coot' sees housing picking up too? Figures. I guess he thinks mortgage rates will NEVER tick up or *extreme over-supply* simply doesn't matter.
I really do hope he's still alive when it all falls apart.