Today’s conventional wisdown is that the recovery is on shaky ground because consumer incomes posted only a slim increase in March. If consumers stop spending the nascent recovery could be in trouble, is the line of thought.
But the big kuhuna of the financial world — billionaire Warren Buffett — says the economy is showing real strength.
I’m going with Warren.
Buffett appeared on CNBC Monday after the weekend’s Berkshire Hathaway shareholder meeting.
“The best jobs program in the world is demand, and demand is coming back,” Buffett said.
Here’s more from Buffett.
And more from other experts.