日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Buffett: Recession may be worse than feared

(Agencies)
Updated: 2008-04-29 09:20

NEW YORK -- Warren Buffett, the world's richest person, said on Monday the US economy is in a recession that will be more severe than most people expect.

Buffett made his comments on CNBC television after his Berkshire Hathaway Inc (BRKa.N) (BRKb.N) agreed to invest $6.5 billion in the takeover of chewing gum maker Wm Wrigley Jr Co (WWY.N) by Mars Inc in a $23 billion transaction.

"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.


Warren Buffett, chairman and CEO of Berkshire Hathaway, on Capitol Hill in Washington, November 14, 2007. [Agencies]

"I think consumers are feeling gas and food prices," he added, "and not feeling they've got a lot of money for other things."

He was not immediately available for further comment. Known for his frugality, the 77-year-old Buffett has lived in the same 10-room Omaha, Nebraska, house for a half-century, despite being worth an estimated $62 billion.

On Wednesday, the US Commerce Department is expected to say how fast the economy grew in the first quarter. Economists on average have projected that gross domestic product grew at an annualized 0.2 percent rate in the quarter.

Two quarters of declining GDP is a traditional indicator of recession. That last happened in 2001. Economists expect the US Federal Reserve on Wednesday to cut a key lending rate for a seventh time beginning last September.

Berkshire is a $197 billion conglomerate best known for its insurance holdings, such as auto insurer Geico Corp, but it owns more than 70 businesses.

Many of those businesses are tied to the housing market, including Acme Brick Co, insulation maker Johns Manville, and the real estate brokerage HomeServices of America Inc.

Others depend on consumers to spend more on discretionary items, such as Ben Bridge Jeweler and Borsheims Fine Jewelry.

"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.

In March, Forbes magazine pegged Buffett's net worth at $62 billion, ahead of Mexican tycoon Carlos Slim's $60 billion and Microsoft Corp (MSFT.O) Chairman Bill Gates's $58 billion. Gates is a friend of Buffett and a Berkshire director.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产欧美一区二区视频 | 麻豆91精品91久久久 | 成人黄色免费观看 | 日韩欧美爱爱 | 国产精一区 | 日韩免费视频一区二区视频在线观看 | 日韩不卡中文字幕 | 神马午夜激情 | 色网在线 | 一级的大片 | 久久亚洲在线 | 加勒比色综合 | 懂色av懂色av粉嫩av分享吧 | 在线观看精品视频 | 天天看毛片 | 午夜视频免费 | 日韩一区精品 | 欧美人人 | 写真福利片hd在线播放 | 欧美一级在线 | 自拍视频在线观看 | 成年人在线观看网站 | 国产毛片aaa | 羞羞av | 牛牛av在线 | 午夜小视频在线观看 | 操操操操操操操操操操 | 亚洲九九视频 | 97人人草 | 国产69精品久久久久久 | 国产成人精品一区二三区 | 白天操夜夜操 | 亚洲专区欧美 | 99re在线观看视频 | 成年人在线免费看片 | 亚洲欧美国产毛片在线 | 国产一区二区三区精品视频 | 成人中文字幕在线 | 欧美一级片在线看 | 日韩爱爱 | av中文字幕一区 |