Warren Buffett has sounded a note of cautious optimism in an interview to CNBC. When asked if he still thinks America is in 'an economic Pearl Harbor', as he had described it last October, he replied:
"Well, no. We're at a war now to some degree, but Pearl Harbor was September. Pearl Harbor was September. At that point, you could have lost the war. And there was a strike at the heart of the American system, the financial system. And we got past that. Some of the right decisions were made then, so I give people great credit for doing that. The war isn't over, though."