December 11, 2007

Buffett says economy close to recession (Reuters)

Investor Warren Buffett, laughs on Capitol Hill in Washington, November 14, 2007. Buffett on Tuesday told CNBC television that a plan by some large banks to create a fund to buy tarnished mortgage securities is unlikely to cure what ails financial markets. (Jason Reed/Reuters)Reuters – Billionaire investor Warren Buffett
said the United States could slip into a recession if the
jobless rate increases, he told CNBC television on Tuesday.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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