Posts Tagged ‘News Yahoo’
Sunday, September 19th, 2010
“I’m a huge bull on this country … we won’t have a double dip recession. I see our businesses coming back almost across the board.” .…Warren Buffett, Berkshire Hathaway
“GE is now finding it profitable to build manufacturing and service centers in the United States rather than overseas, because it is more competitive to do so.” … Jeff Immelt, CEO, GE
“I am very enthusiastic about what the future holds” .… Steve Ballmer, CEO, Microsoft
One of the most important roles for advisors is to be an emotional anchor for clients … preventing the highs from being too high and the lows from being too low.
Today, many Canadians are pessimistic about the U.S. and global economies … driven in large measure by daunting headlines about slow growth, weak housing prices, high unemployment and deficit problems in much of the developed world, as well as political discord in Washington.
This pessimism is amplified by the media coverage given to voices of gloom such as Nouriel Roubini and David Rosenberg.
Presenting an upbeat outlook
That’s why a conference that took place just last Monday gives advisors the chance to provide clients with some offsetting perspective on the mid and long term positives for the United States.
Speaking on Monday September 13 to 2000 business and political leaders in Montana, Warren Buffett, Steve Ballmer of Microsoft and GE’s Jeff Immelt talked about good news at their companies and a positive outlook for the future.
Here are two articles on this conference that you can send clients, one from Bloomberg and other from Yahoo News:
And here are some of their comments:
Warren Buffett, Berkshire Hathaway:
“I’m a huge bull on this country … we won’t have a double dip recession. I see our businesses coming back almost across the board … … it’s night and day from a year ago.”
“I’ve seen sentiment turn sour in the last three months or so, generally in the media. I don’t see that in our businesses … we’re employing more people than a month ago, two months ago.”
“The things that worked for the country through a century of two world wars, a depression and more — all while increasing the standard of living — will work again.”
“Banks are lending money again, businesses are hiring employees and I expect the economy to come back stronger than ever.”
Steve Ballmer, Microsoft:
“There soon will be more technological advancement and invention than there was during the Internet era and that will help drive business growth.”
“I am very enthusiastic about what the future holds for our industry and what our industry will mean for growth in other industries.”
“We will see new technologies that move beyond the Internet to tie together computers, phones, televisions and data centers to create amazing new products. And the pace of innovation will increase as technology makes workers more productive.”
“All areas of science today are moving forward more quickly. The speed of scientific breakthrough is accelerating.”
Jeff Immelt, GE:
“Angry political rhetoric is not helpful and headlines are too focused on finding negative indicators.”
“Business at GE is improving. Signs across the world show growth improving as evidenced by a rise in GE’s orders.”
“GE is now finding it profitable to build manufacturing and service centers in the United States rather than overseas, because it is more competitive to do so.”
“The U.S.‘s central challenge will be to speed growth. We need an increase in exports of manufactured goods to help compete globally. Expansion will be further bolstered when smaller businesses and consumers regain confidence in banks and are able to borrow more.”
“We need people to be able to feel like they’re going to get loans, the process is going to work and that they understand the rules.”
“The U.S. is going to need to adjust, though. The economy since the 1970s has been driven by consumer credit and a misguided notion in building a “lazy” service economy. Manufacturing, with an aim to reduce the trade deficit, is the key.”
“The push for an exclusively service-based economy was just wrong. It was stupid. It was insane .The future of the economy has to be as an exporter.”
Tags: Berkshire Hathaway, Buffett Rules, Ceo Microsoft, David Rosenberg, Discord, Double Dip Recession, Economy Leaders, Emotional Anchor, Global Economies, Jeff Immelt, Last Monday, Lows, News Yahoo, Nouriel Roubini, Pessimism, Political Leaders, Positive Outlook, Steve Ballmer, Upbeat Outlook, Warren Buffett
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