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Saturday, July 11, 2009

Warren Buffett's prescription for ending the recession

Let the market work things out--without "help" from government!
“If you want to end the recession as soon as possible,” Warren Buffett told CNBC yesterday, “do nothing to encourage new home builders. That’s tough on the home builders, but that’s the prescription for getting supply and demand back in balance… The best thing we can do is not to be building a lot of new houses.”
-- from "The Power Shift of 2009, Sell This Sector, Buffett’s Housing Cure and More!" by Addison Wiggin and Ian Mathias

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