http://news.bbc.co.uk/1/hi/business/7382714.stm

How much was he paid to say this? Now even he is scared of his investments he feels he has to show his hope. Oh the economy is doing bad, let's have the opinions of people who mainpulated it the best. Right........

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I'll tell you this no eternal reward will forgive us now for wasting the dawn
Nothing to kill or die for and no religion too
You may bury my body, down by the highway side,
so my old evil spirit can get a Greyhound bus and ride.

lol.

People love to bat around Buffett words when it suit their needs.While youre right about listening to speculators,especially when hes got 100+ billion invested I doubt theres anyone who can bribe him and its highly doubtful that hes ever 'scared' about his investments.He so scared he just teamed up with JP Morgan to buy a 16 billion company.The fact that JP came up with 11 billion does in fact prove that the credit crunch on Wall St is ebbing.Maybe what he sees daily in the business trumps your assessment since he the one teaming up with the financial institutions hes referring to,hmm?

His companies lost about a billion dollars last Q.He donated tens of billions of dollars to charity.He did say in 2003 that the derivitive contracts were 'weapons of mass destruction' and no one listened ,probably because he still invested in them and is feeling the pain right now.Do you really think hes worried? Hes a smart man whos see the light at the end of the tunnel,at this point in his life I think hes jaded to a fluctuation in the business cycle.

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I just think it is in his own interest to see the economy going up and he is fully aware the implications his statement will make on Wall Street and the world financial markets, this is the richest man in the world....

While this current scaling down of economic activity maybe just a blip and yeah sure we'll get over it. However the problem is that China is not being fully integrated into the world economy and their growth is being fuelled by American borrowing. When American borrowing stops, then what? That will be the biggest test on who holds more clout in world economics. Will China's growth suddenly stop as the Americans stop borrowing for the war and domestic spending or will it continue? The Credit Crunch seems to have had little effect on Chinese growth...

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I'll tell you this no eternal reward will forgive us now for wasting the dawn
Nothing to kill or die for and no religion too
You may bury my body, down by the highway side,
so my old evil spirit can get a Greyhound bus and ride.

Well obviously Buffet will be a chearleader now since he already purchased his share of the fire sale. Now its time to make his money, so we will now what great procpects the economy has. I think Buffet is the biggest piece of (*)(*)(*)(*), and he gives a bad name to capitalism.

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"True Freedom is the Freedom to oppress others"

Ideology: Self Preservation.

the fellow is brilliant, with uncommon, common sense. here is his recent proclamation:
the pain many financial institutions are feeling because of the credit crunch is well deserved
the financial companies that engineered subprime mortgages don't deserve much sympathy as they record losses now
the current financial crisis is a byproduct of a system that encouraged executives to "paint pretty pictures"
ignore his sage wisdom at your own fiscal peril

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“Mayor Palin fails to have a firm grasp of something very simple: the truth.”

[Frontiersman editorial, 2/7/97]

Of course when Warren speaks people listen but....

Hes made a fortune with markets on the way down.Thats how good investors make money,up and down.He may have an interest in it moving one way or another at any given time but has the hedges to see profits either way most times.I dont think he bases a large majority of his investments on what kind of speculation his comments will spark regarding them.Hes a long term investor mostly and such volatility doesnt effect the long haul.

We are hardly the only ones financing Chinas massive growth.A total collapse obviously would be disasterous but the folks in China arent dumb and the political leaders rely more and more on outside think tanks and economic intellectuals to grapple with the every growing bubble thats blowing up.Theyve made strides over the years taking evasive actions to alleviate issues that come up and IMO theyve got alot of issues right now.Its doesnt mean that it all goes away in the blink of an eye if they begin a period of decline.

Just like the fantasy some have of China dumping all of their notes at once ,theres really no chance of the world stopping on dime in regards to investing in China and consuming their cheap ass products.With all the internal strife in China a day o reckoning may come but for thier country but I dont the world,let alont the US is being held hostage to China.Now, oil thats another story.

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Good investors, like Buffet, try to time their investments at points where they think the economy is at a local minimum. The implication is that Buffet thinks this is the worst the economy is going to get for now and that things are going to start improving. Now might be the time to put a little more money into the market.

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"It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary"

-- Ludwig von Mises