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Warren Buffett, the “Oracle of Omaha,” Tells German Audiences That the U.S. Economy is in a Deep Recession
The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel.
The United States is “already in recession… perhaps not in the sense that economists would define it [with two consecutive quarters of declining gross domestic product (GDP)] but the people are already feeling the effects,” Buffett said. “It will be deeper and last longer than many think.”
As Money Morning reported back in March, Buffett made a similar pronouncement to U.S. audiences during an interview with the popular…
27May2008 | Money Morning | 1 comment | Continued
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