Buffett on Banks: CNBC Interview

CNBC's Becky Quick interviewed Warren Buffett yesterday.Interview With Warren Buffett: CNBC TranscriptEarlier in the interview, Buffett said that:"I think the stock market generally is the best place to have money..."Then he added:"...there's no question that worldwide there is some slowing down going on."He also made the following comments about Wells Fargo (WFC), U.S. Bancorp (USB), and banking in general:"In the last week, I bought some Wells Fargo."Then he later said..."But we only have 430-something million shares, so I didn't feel...

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Budget 2013: Becoming the Next Greece

Consistently persistent fiscal deficit is the best description I have for long time ruling coalition government. Fiscal deficit happens when a government's total expenditures exceed the revenue that it has collected (this excludes money from borrowings). An accumulation of yearly fiscal deficits is our national debt. Fiscal deficit is not always a bad thing. However, persistent deficits even during times of economic growth shows...

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