Thursday, November 12, 2009

Nouriel Roubini vs Warren Buffett

Nouriel Roubini (aka Dr. Doom) continues to have a gloomy outlook on the U.S. economy. Warren Buffett’s purchase of Burlington Northern Santa Fe Corp. shows his faith in the economy’s long-term health. Which one is right? asks Larry Swedroe of
Roubini has continuously had an unpleasant forecast for the economy. On the other hand, Buffett made it a point to demonstrate his faith in the economy when he announced his purchase of the railroad, saying “If you buy a railroad, you can’t move it to China or to India or anyplace else. You are betting on the United States. I can’t think of a surer bet.”
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