Buffett: we’re in recession and it’s getting worse
This comes from the AP via the Globe & Mail.
Also, note that Buffett in this blurb suggests he buys into the peak oil supply and demand argument for oil prices.
Perceptions of supply shortfall keep oil prices high, MarketWatch, 25 Jun 2008
Buffett concerned about U.S. ‘stagflation’, Sydney Morning Herald, 26 Jun 2008