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Buffett sees no economic bounce, future inflation, and criticizes AAPL. Print PDF

Warren Buffett did a 15 minute interview with CNBC today, in which he seemed to be less optimistic about the U.S. economy and stocks than he normally is.  Some of the highlights:

 "I get figures on 70-odd businesses, a lot of them daily. Everything that I see about the economy is that we've had no bounce. "

He also said he is more concerned about inflation than deflation, and that growing inflation could become a long term concern.  He did say that he views stocks as a better place to be than bonds/cash over the next 10 years due to inflation.

In addition, he somewhat criticized Apple (AAPL) for not disclosing the "material fact" of Steve Jobs liver transplant.

Link to the interview video and article here.



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June 23, 2009 Posted by Moby Waller | Warren Buffett, Steve Jobs, Inflation, CNBC, Becky Quick, Apple, AAPL
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karlmeis
No GURU anymore.
written by karlmeis, June 25, 2009
I saw my BKB/B's get taken out to the WoodShed last Oct along with everytining else I owned so as far as I'm concerned his GURU days, like Soros, are over.
mwaller
Buffett
written by mwaller, June 26, 2009
And I do remember him calling stocks overvalued through much of the mid- late- 1990s, missing much of the rally. However, I don't remember him being this negative sounding on the economy ever ... maybe he is a good contrarian signal nowadays.

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