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“I’m a huge bull on this country … we won’t have a double dip recession. I see our businesses coming back almost across the board.”
Warren Buffett, September 13
“GE is now finding it profitable to build manufacturing and service centers in the United States rather than overseas, because it is more competitive to do so.”
Jeff Immelt, CEO, GE, September 13
“I am very enthusiastic about what the future holds”
Steve Ballmer, CEO, Microsoft, September 13
One of the most important roles for advisors is being an emotional anchor for clients … preventing the highs from being too high and the lows from being too low.
Today, many Americans are mired down by a sense of pessimism about the economy … driven in large measure by daunting headlines about housing prices, unemployment, deficits and political discord in Washington. This pessimism is amplified by the media coverage given to voices of gloom such as Nouriel Roubini.
That’s why a conference that took place last Monday gives advisors the chance to provide clients with some offsetting perspective on the mid- and long-term positives for the United States.
Speaking to 2000 business and political leaders in Montana, Warren Buffett, Steve Ballmer of Microsoft and GE’s Jeff Immelt talked about good news at their companies and their positive outlook for the future.
Here are two articles on this conference that you can send clients, one from Bloomberg and other from Yahoo News:
Buffett Rules Out Double-Dip Recession Amid Growth
Buffett, Ballmer predict bright economic future
And here are some of their comments at the conference:
Warren Buffett:
“I’m a huge bull on this country … we won’t have a double-dip recession. I see our businesses coming back almost across the board … it’s night and day from a year ago.”
“I’ve seen sentiment turn sour in the last three months or so, generally in the media. I don’t see that in our businesses. I see we’re employing more people than a month ago, two months ago.”
“The things that worked for the country through a century of two world wars, a Depression and more – all while increasing the standard of living – will work again.”
“Banks are lending money again, businesses are hiring employees and I expect the economy to come back stronger than ever.”
