In his annual letter to Berkshire Hathaway shareholders, Warren Buffett said the Unites States is still the best opportunity for investment. "Though we invest abroad as well, the mother lode of opportunity resides in America," Buffett wrote. In our poll today, tell us if you agree or disagree with Buffett’s assessment of the U.S. Cast your vote and post your comments below as well.
In a live interview this morning with CNBC, Buffett also said the conflict in Ukraine and rising tensions over the situation would not discourage him from buying stocks. Buffett said that view would not change even if the situation in Ukraine escalates further.
In the video above, Yahoo Finance Editor-in-Chief Aaron Task and Lauren Lyster discuss Buffett's outlook as well as new reports this morning that showed consumer income and spending both rose more than expected in January. The Commerce Department said personal income rose 0.3% in January. Economists were expecting an increase of 0.2%. Consumer spending also rose more than expected, up 0.4% versus estimates of 0.1%.
Meanwhile, there were new indications that China's economy continues to weaken. China's factory activity shrank again in February. The final Markit/HSBC Manufacturing Purchasing Managers' Index fell to a seven-month low, once again raising fears of a slowdown in China.
- Warren Buffett