The Oracle of Omaha is human, we can all take some comfort in that. More here and here. Download article as PDF
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Monthly Archives: April 2008
Buffett’s Imperfections
Consumer Spending is Ugly
While spending increased in March by 1.8% over a year ago, adjusted for inflation it was way down. The only reason sales were positive was gasoline, though food sales were positive. Even there, that is mostly due to inflation and rising prices of food and staples. Download article as PDF
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Are we in a recession yet?
Personally I think we have been negative since November. Given the large positive number in the third quarter, the barely above break even number in the fourth quarter virtually guarantees that the economy went negative sometime in November and December. However, if we are not, it is highly likely coming. Here is a graphic...
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