In the CNBC video recorded today and shown below, American Express CEO Ken Chenault comments on credit conditions at American Express as well as broader issues associated with consumer spending. As we have noted in the past, economic recovery will ultimately depend on the extent to which consumers are willing and able to spend. Read this article for more information and a link to the video.
In a recent interview, American Express Chairman Ken Chenault offers his views on the overall economy, his company’s recent repayment of TARP funds, and proposed consumer protection regulations currently under discussion in Washington. View the video in this post.
Warren Buffett has a long standing reputation for not making stock recommendations, particularly in cases where Berkshire holds positions. I believe that this long standing policy has been in place primarily for two reasons, each of which have been very important to his success and reputation over time. Did Buffett recently tip his hand with recommendations for Wells Fargo and American Express? Read this post for more on this.