Friday, October 8, 2010

Buffett: U.S. Economy is Making a Comeback

Fortune Magazine writes that while many corporate executives complain that America appears to be losing its competitive edge, billionaire investor Warren Buffett paints a resilient picture of the U.S. economy, which he says is filled with a level of innovation that's hard to find in other parts of the world.

He recently wrapped up a trip to Chinese carmaker BYD Co., a Berkshire investment in recent years. "It just blows my mind away," he says, citing the country's government, which is cooperative and eager to build businesses. "When you get government, management and labor all working with a common goal with a sense of urgency miracles happen."  Read: Buffett: U.S. Economy is Making a Comeback


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