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Monday, September 13, 2010

BI: Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now AONE, TNR.v, CZX.v, RM.v, TSLA, LIT, LIT.v, WLC.v, CLQ.v, SQM, FMC, ROC, AVL.to, RES.v, F, GM, BYDDY, NSANY



 Interesting - to have Mr Warren Buffett on our side of the trade is an honor.

  "One of the major catalyst which can trigger redistribution of liquidity is on the chart above. We have a Sell signal in long term Treasuries. Maybe, our Treasuries Bubble is really ready to pop this time. Bear market, upcoming crash and Deflation are so much advertised now that it is time to take a contrarian approach again and take the side of the FED."




...and he is investing in Electric cars...





BI:


Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now


Joe Weisenthal


Warren Buffett has never been too pessimistic on the economy, though he's never been one to see consensus on the way up.



Throughout 2009, as the media saw more and more green shoots, the word out of Berkshire Hathaway was one of skepticism.



This year his tone has mostly been one of caution.



And now that the media is obsessed with the double-dip scenario? Warren's suddenly bullish.



Bloomberg:



“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”



...



“I’ve seen sentiment turn sour in the last three months or so, generally in the media,” Buffett said. “I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”



Buffett of course is extremely diversified, from finance, to housing, to rail (we noted last week that he's probably up $14 billion already on his Burlington Norther bet), so there's really no slice of the economy he can't see firsthand.



If he thinks the real economy isn't matching the gloomy rhetoric, that's to be taken seriously."
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