It's never paid to bet against America :WARREN BUFFETT

In a recent interview , Warren Buffett has put in context how bad things are in the US. He says that World War II and the Great Depression were worse, but the current crisis is pretty bad. In fact, he calls the current crisis the 'economic Pearl Harbor'. He also mentions that the US has a track record of overcoming crisis and it will eventually come out of this one too. However, it might take time because the economy currently is in a cycle of fear. "It's never paid to bet against America. We come through things, but it’s not always a smooth ride," he says. He also believes that Barack Obama is the right person for the job. It is normally hazardous to take such directional calls, but given his track record, it would be foolish to ignore Buffett’s predictions.