Discussion in 'The Economy' started by Johny_come_lately, 14th Sep, 2010.
Warren Buffett: No double-dip in US | Business | guardian.co.uk
It's hard to go against the wise words of Warren, but reading this article just gives me the sense that's he's really betting on the "long run" of the US and the ability of the people to turn the present US culture back around to a time where people worked harder and were more sensible.
I'm not saying that that isn't likely (I think it is exactly what will happen "eventually"), but what has yet to be seen is the hiccups that go along with "change" and "turnarounds".
The US may well be able to avoid this near term double dip, but it's yet to be seen if they will avoid the lost decade (assuming that they haven't already lost one already).
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