Warren Buffett says US economy showing real power

Warren Buffett says US economy showing real powerWarren Buffett has said that the US economy has shown some real strength over the last couple months. After the global economic downturn, now the scenario is changing a bit. Now consumers are showing interest in spending. It was horrible period during last two years for both the developed and developing nations.

Recession has hit the countries hard and the downturn has knocked several countries out. But as per Buffett, the situation is now getting better. In a couple television interviews, he has said that US economy has shown some extreme strength these days. He has said this after taking part in weekend's Berkshire Hathaway shareholder meeting.

There were around 37,000 people attended in that meeting and Buffett and his business partner Charlie Munger had answered to various questions asked by them. Buffett is the Chairman and CEO of Berkshire. Buffet has said that demand is the best jobs program in the world. And now demand is coming back to the market. Hence there is a rising opportunity in the market for companies.