Buffett Says U.S. Economy Is Getting Better Month by Month

Warren Buffett, whose Berkshire Hathaway Inc. posted its biggest profit since 2007 last year, said the U.S. economy is “getting better month by month,” aided by government stimulus and the strength of capitalism.

“The most important factor is the really underlying resilience of capitalism,” Buffett said today at a press conference in Bangalore. There are more than 300 million Americans “thinking about how to do something better tomorrow than they’ve done today.”

The U.S. economy expanded 2.8 percent last year, the most since 2005, after the Federal Reserve lowered interest rates to near zero. Joblessness in the U.S., the world’s largest economy, dropped to 8.9 percent in February from 9.8 percent in November.

“The U.S. economy has been improving fairly steadily, but not at a great rate” since mid-2009, Buffett said.

Read Full Article from Bloomberg

- Posted: 2011-03-22 09:45:54

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