The current mantra about the world economy seems to be that no one can take recovery for granted until the private sector replaces the public sector as the source of new demand. Central bankers, with few exceptions (e.g., Australia) are unlikely to alter their extraordinarily low interest rate policies until unemployment stops rising and the need for government stimulus money winds down. A thorough read of the daily business news, however, reveals that a great deal more is going on behind the scenes and that some business owners and managers are attempting to get out front of events while tremendous opportunities are still available.

Ownership moves show belief in recovery

A couple of ownership moves strengthen the notion of a private sector belief in recovery. Warren Buffet’s Berkshire Hathaway is buying the 77.4% portion of Burlington Northern Santa Fe Railway (BNSF) that it does not already own. Reasons cited by …