Warren Buffett Watch
- Warren Buffett's Berkshire Hathaway Adds GM to Holdings
- Lunch With Warren Buffett: $2 Million-Plus?
- Warren Buffett: Lady Di Called Bill Clinton 'Sexiest Man Alive'
- CNBC Transcript: Warren Buffett on Squawk Box
- Warren Buffett: We're Buying Two US Stocks
- Warren Buffett to CNBC: Mark Zuckerberg Right to Keep Tight Control Over Facebook
- Warren Buffett: Apple and Google Too Risky For Me
- Warren Buffett Reassures Shareholders on Cancer and Succession
- Warren Buffett Recently Considered $22 Billion Acquisition
- Warren Buffett 'Very Comfortable' With Berkshire Stock Buybacks
RSS FEED
MOST SHARED
- Homes Prices Drop 2% to Post-Crisis Lows: Case-Shiller
- Consumer Confidence Has Biggest Drop in Eight Months
- Stocks Advance, Led by Energy; FB Down 5%
- Spain to Go to Market to Fund Banks, Regions
- State Fund Rejects ‘Unaccountable’ Chesapeake Board
- Greece to Leave Euro Zone on June 18: Wealth Manager
- Auto Sales to Really Take Off This Summer?
- European Firms Plan for Greek Unrest and Euro Exit
- JPMorgan Debacle Points to Regulatory Incompetence, Corruption
- June Could Be Turning Point for Markets, Economy
- Facebook Options Soar on First Day
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Auto Sales to Really Take Off This Summer?
- JPMorgan Debacle Points to Regulatory Incompetence, Corruption
- Are You Ready for Facebook Options?
- Option Bulls Dig Into Ivanhoe Near Lows
- Facebook: The Song — Yes, We're Serious
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- June Could Be Turning Point for Markets, Economy
- Spain to Go to Market to Fund Banks, Regions
- JPMorgan Sells Good Assets to Offset 'London Whale'
- Big Shift in ECB Balance Sheet a Sign of Banking Stress?
- Leaving Euro a ‘Disaster’ for Greece: Former Minister
- Why a Strong Dollar Doesn't Mean a Cheap Europe Trip
- Cramer's Top Dividend Plays
- State Fund Rejects ‘Unaccountable’ Chesapeake Board
- Madoff Case Is Paying Off for Trustee ($850 an Hour)
Despite Jobs Disappointment, Buffett Still Doesn't Expect Double-Dip
Text Size 
Executive Producer
 |
Bloomberg.com Warren Buffett is interviewed by Bloomberg TV in Sun Valley, Idaho on July 8, 2011 |
While some are saying the economy may be heading back to a recession,Buffett tells Bloomberg this morning, "I would bet very heavily against that. How fast the recovery will come, I don't know. I see nothing that indicates any kind of a double dip."
Even so, he says President Obama can't be happy with this morning's report from the Labor Department that payrolls increased by just 18,000 in June as the unemployment rate increased to 9.2 percent.
"It means that we're still a ways off from getting to where we should be. We're seeing growth around the world, but it's not mushrooming."
Buffett repeated his belief that once the residential construction rebounds, "We will come back big time on employment."
He's predicting a decline to an unemployment rate of 6 percent "within a few years."
Buffett also told Bloomberg that Berkshire has bought about $4 billion of common stocks since February. That would seem to account for at least part of the holdings that Berkshire kept confidential when it filed its Q1 portfolio statement with the SEC.
That mid-May filing did list a new MasterCard [MA
Loading...
()
] stake as of March 31, worth about $68 million at today's close.
In today's interview, Buffett said new portfolio manager Todd Combs had bought "just two stocks so far," and implied one of them was MasterCard.
Here's the entire Bloomberg interview:
Current Berkshire stock prices:
Class B: [BRK.B
Loading...
()
]
Class A: [BRK.A
Loading...
()
]
For more Buffett Watch updates follow alexcrippen on Twitter.
Email comments to
Data is a real-time snapshot *Data is delayed at least 15 minutes
