Two-tier European market looks fit to survive impending recession

On his recent trip to Europe, Warren Buffett made the characteristically honest admission that he wi...

On his recent trip to Europe, Warren Buffett made the characteristically honest admission that he wished he had been looking closer at European companies 10 years ago. While the great sage explained that this trip was simply a window-shopping exercise, his very presence indicates that he thinks there is some value to be found this side of the Atlantic. Having been finding good opportunities within Europe for the last 17 years, we could have told him that and saved him the fuel. With consumer goods, financials and automobiles overburdened by the spectre of impending recession - and consume...