Monday, September 13, 2010

No double-dip doldrums for Warren Buffett

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Warren Buffett said Monday that Berkshire Hathaway companies, including BNSF Railway, are doing well and “I see our businesses coming back almost across the board.”

Buffett told the Montana Economic Development Summit: “I am a huge bull on this country. We will not have a double-dip recession at all ... I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”

“It’s night and day from a year, year-and-a-half ago,” said the billionaire investor via a video connection. “I know Wells Fargo, they would love to have $50 billion more of loans now. Go in and talk to the banker.” Berkshire Hathaway is Wells Fargo's biggest shareholder.