No one has a better network than Warren Buffett so he is the economist I pay most attention to.
Billionaire investor Warren Buffett, speaking to the Economic Club of Washington, said he believed the chances of a U.S. recession were very low unless the euro zone crisis develops in ways that ”spill over [in the United States] big time.” Buffett, speaking to Carlyle Group CEO David Rubenstein, said he favored a federal budget plan with revenues at 19% of GDP and spending at 21%. (June 6, 2012)
via Reuters TV | Buffett: chance of double dip U.S. recession very low – Rough Cuts.