Monday, May 11, 2009

Buffett Sees Massive Inflation to Handle Staggering Debt

The explosive rise of the U.S. budget deficit and debt burden will lead to serious inflation down the road, says billionaire and Obama supporter Warren Buffett.The Congressional Budget Office predicts that government debt will peak around 54 percent of GDP in 2011. But Buffett told CNBC Monday morning that the ratio could surpass 80 percent

read more | digg story

No comments: