24 October 2012

Warren Buffett Says Ignore Reality

Buffett said that while the U.S. economy is outperforming those in Europe and Asia (which isn't saying much), American businesses would be performing better if leaders would address the nation's fiscal problems.

Yeah, one of the wealthiest people in the world knows more than a person living paycheck to paycheck how the economy is doing. When each trip to the grocery store brings home fewer items at increasing costs, I don't see that as a sign of positive movement, especially with a trend of wage stagnation. Businesses would perform better without government intervention or protectionist policies. 

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