- Timeless and Time-Tested Warren Buffett Watch Predictions
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Warren Buffett to CNBC: Curbing Fed's Independence Could Lead to 'Mischief'
- Warren Buffett to Co-Chair Goldman Sachs Program to Help Small Businesses
- Warren Buffett: 'Reasonable Return is Good Enough' for Long-Haul Railroad Ride
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Warren Buffett's Berkshire Portfolio Snapshot Coming Later Today
RSS FEED
- BofA On Proposed Changes In The Housing Bailout Program
- The Future of The Media Landscape
- November Auto Sales Muddle Along
- Busch: What Obama Won't Say Tonight
- Stick with Equities—Avoid Emerging Markets: Laszlo Birinyi
- Pfizer Chomps On A Carrot
- Predictions 2010: Technology
- Predictions 2010: Consumers
- Predictions 2010: The Big Picture
- Who Were the Biggest Winners And Losers This Year?
- GE, Comcast Complete Deal Over NBC Universal: Source
- US May Raise Rates Before Jobs Recover: Fed's Plosser
- Stocks Likely Don't Need Santa to Keep Rally Going
- Larry Kudlow's Open Letter to Tiger Woods
- AIG Slashes US Debt Under Deal With New York Fed
- Commercial Property Fears Are Overblown: Zell, LeFrak
- Trump: Time to Force Banks to Start Lending
- Seamstress Fined $5.7 Million for Insider Trading
Warren Buffett Watch
Text Size 
In a Toronto appearance late this afternoon, Warren Buffett said interest rate cuts by central bankers have made money more available and even inexpensive.
In response to a question referring to a 'credit crunch', Buffett said:
"I wouldn't quite call it a credit crunch. Funds are available ... Money is available, and it's really quite cheap because of the lowering of rates that has taken place. What has happened is a repricing of risk and an unavailability of what I might call 'dumb money', of which there was plenty around a year ago."
(A clip of the audio of that comment appears to the left. An archive of the complete webcast is available from Business Wire.)
Buffett repeated his concerns about the U.S. dollar due to the nation's high current account deficit.
He also echoed his long-term optimism about the health of the U.S. economy:
"We don't spend any time at Berkshire, my partner and I have never had a discussion that I can recall in 40-some years, about where the economy is going, what interest rates are going to do,or anything like that. We have a basic, basic belief, and I think we're dead right, and we've been right, but it doesn't require any genius, that the country will do well over time. We think 10, 20, 30 years from now we'll have a more prosperous country. We have no idea whether there's gonna be a recession in 2012, 2016, 2020. It makes no difference to us. We'll keep playing the game."
Buffett spoke during an appearance at the Toronto Board of Trade to mark the expansion of Berkshire Hathaway's Business Wire subsidiary into Canada.
Thanks again to Business Wire for making a live audio feed of the event available on Warren Buffett Watch this afternoon.
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes