Go Finance Reporting in Omaha - Billionaire Warren Buffett sure is optimistic the U.S. economy (the U.S.) will still be growing. He claims the U.S. should have a strong purchasing power.
In a meeting with tens of thousands of Berkshire Hathaway shareholders, Buffett also said no matter how bad the economy is, or how large the deficit, or political disputes he describes is the U.S. is a good place to live and work.
"I do not see how people are losing enthusiasm of this country," said Buffett was quoted as saying by Reuters on Monday (05/02/2011).
In a letter to shareholders in February, he also voiced optimism over the U.S. economy. But, if investors appear to still see negative U.S. economic conditions due to Standard & Poor's to change the outlook for U.S. government bonds to negative.
Buffett told Reuters that the move S & P lowered the U.S. outlook is a premature step. This is because the U.S. government debt in U.S. dollars only, and only the government can print more money to pay the debt if absolutely necessary.
"The U.S. will not default related to any obligation. U.S. does not have any risk in the credit, believe me," he explained. (GoFinance)
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