The Long Haul

We've seen predictions about how long it will take before the economy starts humming. There is consensus among financial journalists and big shots that it will take several months but, this is the first time we are seeing someone express confidence that the economy will be humming in 5 years.

5 years? That's not a depression, that's a tsunami.

Breitbart.com: Buffett says economy's troubles will continue

Buffett said he's confident the nation will be doing better five years from now, but the economy could be worse five months from now.

Buffett says the economy is in a recession because most Americans aren't doing as well today as they used to be. The technical definition of a recession most economists use is two consecutive quarters of negative growth in the nation's gross domestic product.