Warren Buffett - Warren Buffett gives the all-clear

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Warren Buffett gives the all-clear

Wednesday, October 21, 2009
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From Newsmax:

Billionaire investor Warren Buffett says the economy has passed its lowest point and, while recovering slowly, is clearly on the way back up.

"I am not sure about exact quarters or anything of the sort. Who knows about next week or next month?

"We made enormous progress since a year ago. We had a real panic. And if you didn't panic, you didn't understand what was going on," Buffett told Business Wire in an interview.

Buffett credits the outgoing Bush administration for making the right moves in the fall of 2009 and into the transition to a new government to keep the financial system from completely collapsing.

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Topics:		Warren Buffett \| Economy \| Stocks

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