If you're an octogenarian known around the world as an oracle, you develop a penchant for making bold predictions on a regular basis.
So this week we were treated to the latest prognostication on the economy by Warren Buffett from the Allen & Company media conference in Sun Valley, Idaho.
Surrounded by breathtaking vistas and an even more impressive array of billionaires with big egos, Buffett declared that he is betting the US unemployment rate will fall to 8 percent by the presidential election. Good luck.
