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Timeless and Time-Tested Warren Buffett Watch Predictions
kamaalhai notes:
Read the rest of his views by following the link. Timeless!
1. Recessions can't be avoided forever. As 2007 was coming to a close, Buffett told our Becky Quick that if unemployment picks up significantly, the "dominoes" will fall and the U.S. economy will fall into recession in 2008. He was right, but not alarmed. "It is the nature of capitalism to periodically have recessions. People overshoot." (He told Becky she's young enough to expect to see 6 or 7 or them.)


text by kamaalhai Nov 30th cnbc.com 0 40

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