Buffet says interest rates are too low.

http://news.independent.co.uk/busine...p?story=517568

__________________
"Democracy is a process by which the people are free to choose the man who will get the blame."

-Laurence J. Peter

Since he pulled the trigger too quickly a couple of years ago. This time he seems to be taking more time to make certain that the economic improvements are broader based and firmly in place.

Which one is smarter? I don't believe I'm smart enough to judge either.

Buffet says that interest rates are too high. Greenspan is expected to let them stay the course.

Is Buffet preaching politics?

__________________
"Democracy is a process by which the people are free to choose the man who will get the blame."

-Laurence J. Peter

Small Biz Owners Cope With Rising Prices


Thu May 6, 8:06 AM ET
By JOYCE M. ROSENBERG, AP Business Writer
NEW YORK - With inflation rising, especially when it comes to gasoline prices, and interest rates also on the way up, many small business owners are becoming more creative about cutting costs.

"You really have — in this economy — to be careful," said Amy Levy, who owns a public relations firm in Los Angeles.
Levy, who says it can cost $40 to fill her car up, said she's becoming more careful about making 40 mile trips to business appointments. She'll still travel to meet with clients, but she might not make every photo shoot.
She's also rethinking subscriptions to some trade publications because "$20 here, $50 there, it really adds up, especially for a small business owner."
Since the start of 2004, inflation has become an issue for small business owners. They're particularly feeling the pinch of higher gasoline prices, but with the Consumer Price Index already up 5.1 percent this year, it's clear that many things are getting more expensive. And with interest rates expected to rise in the near future, the cost of borrowing will also be going up.
Many small business owners would like to pass on their rising costs to customers — and the jump in the CPI indicates that many are doing so.
"Compared to a year ago, it's probably a little easier to raise prices," said Raymond Keating, chief economist for the Small Business Survival Committee, a Washington-based advocacy group.
But the more competitive an industry is, the harder it is to charge customers more.
"For a retailer that has to keep in mind that Wal-Mart's down the road, it's going to be a little more difficult," Keating said.