Buffett: It’s Stagflation
July 3rd, 2008Via: Bloomberg:
Billionaire investor Warren Buffett says he’s concerned about “stagflation,” or slowing in the U.S. economy while inflation accelerates.
“We’re right in the middle of it right now,” said Buffett, chairman of Omaha, Nebraska-based Berkshire Hathaway Inc., in an interview on Bloomberg Television today. “I think the ‘flation’ part will heat up and I think the ‘stag’ part will get worse.”
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