In a video interview with CNNMoney.com billionaire commented on yesterday's statement by U.S. Fed Chairman Ben Bernanke on the completion of a recession. "I do not know the answer to this question. And I'm not too worried about it. This morning, we buy stocks, I can tell you. I do not make decisions about their purchases based on the assumption that we will emerge from recession in three months, through six months or a year. I buy stocks because they expect to increase their value over time. And I think it is a mistake for investors to focus on predictions rather than to assess the intrinsic value of the company's business. "
In an interview with Reuters Buffett noted that the U.S. economy has not yet begun get out of the recession, but "terror" of the crisis receded through the actions of the government. "Now we see no improvement or deterioration in the economy, but it is better than six months ago" - said Mr. Buffett.
Yesterday the head of the Federal Reserve banking system, Ben Bernanke said the end of a recession. "From a technical point of view of the recession, most likely at the moment is over and the country's renewed economic growth, he said, responding to a question.
Analysts Banc of America Securities - Merrill Lynch (BoA-ML) yesterday improved U.S. economic growth forecast and now expect that the average quarterly growth of GDP in the next 6 quarters amounted to 3,3% in III quarter - 3%.
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