Warren Buffett wrote in his last letter to Berkshire Hathaway shareholders: "I believe pundits will be surprised at how far unemployment drops once that happens. They will then reawake to what has been true since 1776: America's best days lie ahead"

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I am a constant follower of Morgan Housel ( The Motley Fool ), he is very studious about debt, finance, banks, leverage - Morgan Housel quotes Warren Buffet's optimism about a recovery :


Quoting Buffet About Housing :

This hugely important sector of the economy, which includes not only construction but everything that feeds off of it, remains in a depression of its own. I believe this is the major reason a recovery in employment has so severely lagged the steady and substantial comeback we have seen in almost all other sectors of our economy.


Fortunately, demographics and our market system will restore the needed balance [between supply and demand] -- probably before long. When that day comes, we will again build one million or more residential units annually. I believe pundits will be surprised at how far unemployment drops once that happens. They will then reawake to what has been true since 1776: America's best days lie ahead.

Daily Finance
All Fingers Point to Housing
By Morgan Housel ( The Motley Fool )
March 5, 2012


All Fingers Point to Housing


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