Uncle Warren: In Omaha, the USA is Still Triple A
What’s the fiercest ongoing competition in the United States these days? Yankees vs Red Sox? Keynes vs Hayek? That “Party Rock” song vs my eardrums?
Nope, it’s the perpetual struggle between Bloomberg’s Betty Liu and CNBC’s Becky Quick to be Warren Buffett’s fave anchor.
Score one for Betty this weekend as she caught the Oracle’s take on the big debt downgrade:
The U.S., which was cut Aug. 5 to AA+ from AAA at S&P, merits a “quadruple A” rating, Buffett, 80, said yesterday in an interview with Betty Liu at Bloomberg Television.
A new entrant into the race for Warren’s attention is the fantastic Liz Claman of Fox Business, she coaxed the following out of him as well:
“I don’t get it. It doesn’t make sense. In Omaha, the U.S. is still triple-A rated,” Buffett told Fox Business Network. “And if there were a quadruple-A, I’d give it to the U.S.”
Warren told both reporters that he sees no recession but did acknowledge the impotant role stock markets play in terms of confidence – meaning 1100 point mini-crashes may not be such a great thing.
Upon his criticism of S&P’s call, Warren’s Angels should have asked him about his investment stake in rival ratings firm Moodys. Oh well.
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