3/9/09

Buffett: Economy "has fallen off a cliff."

by CalculatedRisk on 3/09/2009 08:51:00 AM

Warren Buffett is on CNBC this morning ...

From the CNBC live blog, a few Buffett comments:

6:05a: Economy is "close to the worst case." Can't imagine it being much worse ... The economy "has fallen off a cliff."

Read on...

Peacenik thinks this will spook the markets. Big Time. The ticking of the Doomsday Clock is getting louder and louder. Peacenik is going to the ATM on Peacenik's coffee break and getting some CASH out of the bank. Peacenik hopes Peacenik is not too late. When the collapse happens, if it happens, it will be fast. When you hear on the news that there is a run on the bank.....it is too late. Tick. Tick. Tick.