hobo
Tacoma, Wa
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Joined: 10/02/2000
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In the Seattle Times today Warren Buffett says he thinks the U.S. economy is in a recession. And that the economy is getting worse.
We will see the big hit on the Washington coast by the end of summer.
Hobo
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Cloud Dancer
San Antonio and Livingston TX USA
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Joined: 06/08/2001
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It's all out there to see, except for the blinders....
We're pretty much into it now, and many of us have been discussing it, and we have prepared for it as best we can.
Willie & Betty Sue
Miko & Sparky
2003 41 ft Dutch Star Diesel Pusher/Spartan
Floorplan 4010
Blazer toad & Ranger bassboat
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Deb and Ed M
SW MI, USA
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Joined: 06/07/2004
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Yeah - but when Warren Buffett says it, people LISTEN!
Deb
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Old School.
PA
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Joined: 05/30/2007
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I don't think he cares either way. If he believes that, he's no doubt shorted the market already. Not to mention, he will sell more Budweiser to unemployed workers.
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TxTwo
Texas
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Joined: 04/08/2007
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I agree with "Old School" - Warren is smart and wise - but he does not care either way - because he will make his money whether the economy is up or down. In fact the more it is down, the more deals he can pick up cheaply. In part, that is how he has amassed such a fortune for himself and the many others who own the Berkshire Hathaway shares.
TxTwo
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RV-1/2n-FUN
FL.
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Joined: 03/30/2003
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hobo wrote:In the Seattle Times today Warren Buffett says he thinks the U.S. economy is in a recession. And that the economy is getting worse.
We will see the big hit on the Washington coast by the end of summer.
Hobo
Old news.
Warren Buffett mentioned this on March 3, 2008 when he was live on CNBC on a Monday morning. CNBC had a live phone-in program with questions for Mr. Buffett.
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Skid Row Joe
America, Tent Camping and RVing since 1960
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Joined: 04/26/2006
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TxTwo wrote:Warren is smart and wise - but he does not care either way - because he will make his money whether the economy is up or down. In fact the more it is down, the more deals he can pick up cheaply. In part, that is how he has amassed such a fortune for himself and the many others who own the Berkshire Hathaway shares. YuP! That's exactly how it works......buy down, buy a lot when down. 
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rshidler
Bellevue, NE
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Joined: 04/05/2006
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TxTwo wrote:I agree with "Old School" - Warren is smart and wise - but he does not care either way - because he will make his money whether the economy is up or down. In fact the more it is down, the more deals he can pick up cheaply. In part, that is how he has amassed such a fortune for himself and the many others who own the Berkshire Hathaway shares.
Warren has been known to say "Be fearful when others are greedy, and greedy when others are fearful." Glad I bought into BRK!
Bob & Jamie
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- Don't sweat petty things ... and don't pet sweaty things!
- I can't be troubled with your business ... I'm far too busy tending to my own!
- Remember, just because you saw it on the internet doesn't make it so!
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SkiDood
Peoples Republic of Minnesota
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Joined: 10/18/2002
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I would not and dont belive a word WB says publicly. Now if he was a buddy and had some things to say off the record over a beer and a cigar. Thats when I would listen.
Late model wife
2002 Daughter
2005 Daughter
2007 Ram 3500srw 5.9L Cummins Laramie. QC Short bed.
2008 Crossroads Zinger 30RB 5th wheel.
18k Reese signature series slide hitch
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gasbag
Washington State
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Joined: 02/13/2004
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Well, if Warren says so it must be true.
Why do people pay to go up tall buildings and then put money in binoculars to look at things on the ground?
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