Buffett laments that U.S. economy has ‘no bounce’
Editor | Jun 24, 2009 | Comments 0
NEW YORK — Warren Buffett said Wednesday that the U.S. economy has "no bounce" and will take time to recover, but there is no risk of deflation to push it further into despair. Speaking on CNBC television, the world’s second-richest person also praised efforts by the Obama administration and Federal Reserve to jump-start economic activity. He lamented that the slowdown has hurt his insurance and investment company Berkshire Hathaway Inc, which runs close to 80…
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