Buffett recently gave an interview regarding the US economic recovery. Buffett disagreed with New York Times columnist and Nobel Prize-winning economist Paul Krugman, who wrote recently that he fears the U.S. is in “the early stages of a third depression.”
In the interview, Buffett says “we’re on the right course” and encourages President Obama to speak with “enormous confidence” about the country’s economic future. He says that the stimulus is working and that the economy will improve in the next two or three years.
“We’re hiring,” he adds, referring to many of his Berkshire Hathaway companies.
Buffett spoke from Sun Valley, Idaho, while attending the Allen & Company conference, an annual gathering of technology and media leaders.