EconomicCrisis.US

WHEN the world’s best investor buckles up his buying pants, it is time to sit up and take notice.

Not that Warren Buffett stopped buying for long, snapping up high yielding stakes in Goldman Sachs and General Electric after the GFC and following that up with the $27.4 billion purchase of railroad company Burlington Northern Santa Fe.

This time around though he seems particularly serious, saying in his annual shareholder letter: “We’re prepared. Our elephant gun has been reloaded, and my trigger finger is itchy.”
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* Researcher cautions it’s a ‘worst case scenario’ figure
* Critics argue numbers quoted as fact in testimony to Congress committees should be given with caveats
* Study results are only as good as the data that is fed into them
* Republicans say the Obama administration’s moves to tighten industry regulations will cost jobs

Industry officials warn 7.3million American jobs will disappear if U.S. President Barack Obama’s administration tightens regulations in a bid to reduce smog.

The industry-sponsored researcher who came up with the number cautioned, however, that there was uncertainty surrounding that number.
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he massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday.

The National Association for Business Economics said its 47-member panel of forecasters increased its estimate for the 2011 federal deficit to $1.4 trillion from $1.1 trillion in its previous survey in November.

“Panelists continue to characterize excessive federal indebtedness as their single greatest concern,” with state and local government debt the second-biggest worry, the survey said. It was conducted between January 25 and February 9.
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