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"This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think," Buffett said. "This will not be short and shallow.
Mr. Buffett was reportedly at his home in Omaha, Nebraska watching TV when he heard about the terrorist attacks. He was getting ready to host his "last annual golf charity event" which just happened to be at the U.S. Strategic Command headquarters located at Offutt Air Force Base in Omaha. Offutt AFB is, coincidentally, where President G. W. Bush flew to on Air Force One later in the day for "safety." This early golf charity event hosted by Mr. Buffett was to include celebrities, professional athletes, and a small group of business leaders in which one of these business leaders became a very lucky person.
Originally posted by princeofpeace
Thread doesnt make sense. The economy grew by 0.7% this last quarter which is not a recession. It is in fact a "slow down" from previous quarters but a recession has to be negative growth and this is still positive.