Quick Hits: Berkshire Hathaway Won't Bet Against Dollar

By SCOTT REEVES
Minyanville, Aug 22, 2008

The sour US economy is unlikely to rebound before 2009, billionaire investor Warren Buffett said Friday. He said the credit crunch will continue to worsen, and noted that Federal Reserve Chairman Ben Bernake doesn’t have a “magic wand” to strengthen the economy and tame inflation.

“You always find out who’s been swimming naked when the tide goes out,” Buffett told CNBC. “We found out that Wall Street has been kind of a nudist beach.” Read Full Story...