Berkshire Hathaway Inc. chairman Warren Buffett said he
continues to see the U.S. economy improving at a steady and modest
pace.
"Since the fall of 2009, the economy has just kept coming back
at a moderate pace," he said on CNBC. "It just keeps improving at a
modest pace."
"If you take our 20 largest earners last year, the top five and
those next fifteen," Mr. Buffett said, "I think 17 of the 20 had
improved earnings." I expect that to continue, he said.
"Even 2% real growth is not at all bad," he said. "If population
grows 1% and you have real growth of 2%, that's 20% in a
generation." "That's fantastic."
He said some of Berkshire's businesses are doing better than
others. "Housing has come back at a slower rate than I would have
anticipated. Autos have come back faster than I would have
anticipated," he said.
Full story at www.cnbc.com
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