Buffett: US 'recession' will go on for months

Billionaire investor Warren Buffett said the US economy was still "in recession" and would continue to be for at least several more months.

Buffett: US 'recession' will go on for months
Sat, 23 Aug, 2008 - 09:52

Billionaire investor Warren Buffett said the US economy was still "in recession" and would continue to be for at least several more months.

During a live appearance on CNBC, Mr Buffett said ripples of the credit crunch were continuing to cause problems in financial businesses and the economy.

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CourtsBusinessHeathrowPlace: USPlace: Wall StreetPlace: Omaha, NebraskaPerson: BuffettPerson: Warren BuffettPerson: AmericansOrganisation: CNBCOrganisation: Berkshire HathawayOrganisation: Fannie MaeOrganisation: Freddie Mac
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