The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the “terror” that followed last year’s near-collapse of the financial system is gone, due in part to government intervention, Warren Buffett told Reuters on Tuesday.
Buffett maintained a positive outlook on the government’s much criticized Troubled Asset Relief Program (TARP) for banks, saying it may ultimately turn a profit for the government.
“At the moment we don’t see (the economy) getting better or worse, but that’s better than you could say six months ago,” said the billionaire known as The Sage of Omaha for his long history of successful investments. “The terror of last year is gone and that’s thanks in part to the government.”
Buffett spoke to Reuters in a brief interview at the Fortune Most Powerful Women conference in Carlsbad, California.
U.S. President Barack Obama said on Tuesday that measures undertaken by his administration to rescue the economy — including a $787 billion stimulus package — were working, but warned a complete recovery would take “some time.”
Federal Reserve Chairman Ben Bernanke also gave a fairly upbeat view, saying the longest and deepest recession since the 1930s was likely over, but added it would “feel like a very weak economy for some time.”
Data released on Tuesday showed U.S. retail sales rose in August at the fastest pace in 3-1/2 years and a gauge of New York State manufacturing hit a near two-year high.
Economists generally agree that the U.S. economy is in the early phase of recovery but many remain worried about lackluster consumer demand, with rising unemployment crimping incomes.
Tags: bank, depression, economy, financial system, recession
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
gold clip on earrings…
[...]please visit the sites we comply with, like this one, because it represents our picks through the web[...]…
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
Wow!…
A very awesome post. …
Awesome website…
[...] listed are some links to sites that many of us link to mainly because we presume they’re really worth visiting [...]…
Cool sites…
[...]we came across a cool site that you might enjoy. Take a look if you want[...]……
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
these awards and make the most of…
the publicity. if you are an affiliate, you can post the awards of the company you are selling for with their product.5. blogging don’t underestimate the power of blogging. in wikipedia it said that as of 16 february 2011, there were…
boat with a 25 hp evinrude that…
gets us around just fine, but difficult to launch at those numerous freshwater lakes we have in this fine state.karen and i had recently purchased a 14′ pelican tandem 140t kayak so we could fish a few more fresh water areas…
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Related Pages……
[...] Only one website which I could perhaps consider for deeper answers [...]…
Best additions…
[...] and we’re linking to that site [...]…
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
Trackback for this URI…
[...] definitely a good supporter of linking to blog writers that I love yet aren’t getting lots of link love right from [...]…
Looking around…
While I was browsing yesterday I saw a excellent post about…
above…
Hard to separate drug abuse and drug crimes from the culture. See “The Wild and Wonderful Whites of West Virginia”….
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
gimp free download…
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose gimp free download[...]……
painted portraits from photos…
[...]one of our guests not too long ago proposed the following website[...]…
pirate bay…
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose pirate bay[...]……
ares free download…
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose ares free download[...]……
how to break bad habits…
[...]very few internet sites that transpire to be detailed below, from our point of view are undoubtedly effectively worth checking out[...]…
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
[...] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[...]……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]… …
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
Gems form the internet…
[...]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[...]……
Australia NAATI translator…
[...]here are some hyperlinks to web pages that we link to simply because we believe they may be really worth visiting[...]…
are sometimes there are extenuating circumstances that…
will give you a chance to get the ticket repealed. the thing is with a speeding ticket, unless you have adequate proof you’ll probably be better off paying the fine and just going on with your life.traffic law covers reckless driving…
abhorrer…
I am not going to say what everyone else has already said, but I do wish to remark in your information of the topic. Youre actually effectively-informed. I cant imagine how a lot of this I just wasnt conscious of. Thanks for bringing extra information …
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
the bar is voted by usa today…
as one of the top ten bars in america. the food is also amazing and delicious. if you’ve been thinking of buying homes for sale by owner for quite some time now, make use of the steps that i’m going to…
Informative and precise…
Its difficult to find informative and accurate information but here I found…
- people who pull up to the…
house might think there is something wrong with the roof even if there is nothing wrong. now, if that same roof has been pressure washed, and all the mold is gone, it looks like a new roof. many times it is…
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
Dreary Day…
It was a dreary day here today, so I just took to piddeling around on the internet and realized…
are under no obligation to hire the…
lawyer they put you in touch with, but do be aware that if you do you may have to pay the bar association a referral fee.finally, you need to bear in mind that not every tampa criminal attorney will deal with…
so, you are likely to get the…
name or names of only one or two attorneys, who are often the only attorneys they know. another way to research attorneys is to look at legal directories, such as the florida bar’s list of attorneys in your city, the phone…
charges in tampa needs to find legal…
representation from a tampa criminal lawyer as soon as possible. having at least some basic legal knowledge of criminal law as it applies within your state is helpful, but you will give yourself the best chance of defending the charges by…
touches his/her sweaty playmate! it is useless…
to lose sleep over that little scratch on his/her elbow. stop carrying the hand sanitizer looking for an opportunity to use it on your child.go and get that vaccination done now, if your child has been bruised by a rusted metal…
common warm up exercise for many sports…
and is a good recovery model for sporting shoulder bursitis.there are many shoulder bursitis stretches, but they will all involve a light stretch that the sufferer can control easily so that the pressure can be relieved as soon as the shoulder…
My Trackback…
[…]If winning isn’t everything why do they keep score?[…]…
your property. this is especially true in…
a buyer’s market. the more temptations you can provide, the more people you will appeal to - and the more buyers you will have wanting to view your house.having an attractive front yard does not mean that you have to plant…
would be a plus as well. i…
would look for a problem solving guide that has been around a while and has solutions that stand the test of time. having such a manual as a reference should allow you, the wii owner, to enjoy years of problem-free fun…
Blogs you should be reading…
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]……