U.S Is Already In Recession

This article was taken from Reuters about 2 weeks ago.

Mr Warren Buffett had cited that the United States is already in a recession and it will be longer as well as deeper than many people expect.

He said the United States was "already in recession" and added: "Perhaps not in the sense that economists would define it" with two consecutive quarters of negative growth.

He further said that even though the United States are in recession, he will still be investing in companies. He however doesn't believe in investing in a company just to tear it apart due to investor's financial bet, "It's not right that hundreds of thousands of jobs are being eliminated, that entire industrial sectors in the real economy are being wiped out by financial bets even though the sectors are actually in good health."

Thus, in good times, as well as bad times, there will still be good companies and industries to invest in. Keep a look out.

Governments are usually the last to announce that the country’s economy is in recession as that will cause a panic among people. With such high inflation this year, announcing a recession will cause the economy to dip further.