Warren Buffett is seeing a broad recovery in his many Berkshire businesses. In comments today at the Montana Economic Development Summit Buffett detailed why he is very bullish on America:
“I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.
I’ve seen sentiment turn sour in the last three months or so, generally in the media. I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”
I don’t think Mr. Buffett has ever been too bearish about the long-term outlook of this country (and I entirely agree with that), however it is nice to see his increased confidence based on his underlying companies. Buffett has amassed an impressive and broad group of companies through which he gauges economic growth. His comments as always, carry a huge amount of weight.