Saturday 30 April 2011

Berkshire’s Rose ‘Very Bullish’ About Recovery, China Trade


http://noir.bloomberg.com/apps/news?pid=20601087&sid=aOApfwxA3U.Q&pos=1

Really foolish stuff

Read below

“I’m very, very bullish about the recovery,” Rose said today in an interview in Omaha, Nebraska, before Berkshire’s annual meeting. “It’s really driven by worldwide demand, specifically China.”


Commerce is expanding on the “big draw of commodities, as well as finished products going to China,” said Rose, who sold his Burlington Northern Santa Fe railroad to Berkshire last year for $26.5 billion. The economic recovery is “better than what people report.”


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This guy clearly has no sense of what he is talking about.



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