“(Reuters) – July 12 (Reuters) – Warren Buffett made some of his most pessimistic comments on theeconomy in recent memory on Thursday, telling CNBC that things have slowed in the United States in the last six weeks.
Buffett, in a live interview, said Europe had also experienced a “pretty fast” slowdown in recent weeks as spending declined.
The 81-year-old “Oracle of Omaha” said that even as the economy cooled off, residential housing was starting to pick up, albeit off a low base.
Buffett’s Berkshire Hathaway is heavily exposed to residential construction and real estate sales, and he has said the economy would really pick up only when the housing market finally turns around.”
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Hah, yeah I love how he tried to pass off that things looked so much worse now than they did before.
Sure Buffet, the world’s just a completely different place…since January