Billionaire investor Warren Buffett said the US economy remains in recession, disputing this week's assessment by a leading arbiter of economic activity that the downturn ended more than a year ago. "We're still in a recession," Buffett told CNBC television in an interview broadcast on Thursday.
"We're not gonna be out of it for a while, but we will get out." On Monday, the National Bureau of Economic Research said the world's largest economy ended an 18-month recession in June 2009, but cautioned that its assessment did not mean normal activity had resumed.
"We're not gonna be out of it for a while, but we will get out." On Monday, the National Bureau of Economic Research said the world's largest economy ended an 18-month recession in June 2009, but cautioned that its assessment did not mean normal activity had resumed.
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