The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Tommaso who wrote (6645)	4/28/2008 12:45:57 PM
From: DebtBomb	Read Replies (2) of 71463

Buffett says recession may be worse than feared "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. "I think consumers are feeling gas and food prices," he added, "and not feeling they've got a lot of money for other things." "In the retail businesses ... if anything, they've gotten a little worse," Buffett said. "Of course, things connected with housing, whether it's in brick or whether it's in carpet, those businesses have shown no uptick at all. Jewelry had a bad Christmas ... and it stayed that way." Buffett sees no respite from the housing slump. "I think this is going to be fairly long and fairly deep, but who knows," he said. news.yahoo.com

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