Friday, May 29, 2009

Top Buffett Aide Says There's No Sign Of A Recovery

Berkshire not seeing the same "green shoots" as the media......

(www.businessinsider.com) During the recent Berkshire Hathaway (BRK) annual meeting, Warren Buffett admitted that signs of an economic recovery were few and far between, at least at his businesses.

His close advisors are saying the same thing. Speaking at the Ira Sohn investment conference in New York, top aide David Sokol, the head of Mid-America energy holdings said there were no signs of a rebound ("We're not seeing the green shoots.") in housing or the economy and that the housing mess might persist through 2011.

Read the entire article here

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