Buffett sees no double-dip recession - report
NEW YORK, Sept 13 |
NEW YORK, Sept 13 (Reuters) - Warren Buffett said the United States will not suffer a double-dip recession, Bloomberg News said on Monday.
"I am a huge bull on this country," said Buffett, 80, the chief executive of Berkshire Hathaway Inc (BRKa.N) (BRKb.N), in comments to the Montana Economic Development Summit, Bloomberg said.
"We will not have a double-dip recession at all. I see our businesses coming back almost across the board ... We're employing more people than a month ago, two months ago."
The comments were broadcast over the Internet. An archived version of the comments was not available.
Berkshire owns about 80 businesses, and has a market value of about $206 billion. Its Class A shares closed Monday up $1,023 at $125,000 on the New York Stock Exchange. (Reporting by Jonathan Stempel in New York; Editing by Bernard Orr)
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