Greenspan and Buffett issue recovery warning - papers

Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.

The Telegraph says Warren Buffett, the billionaire investor, and Alan Greenspan, the former Federal Reserve chairman, have both issued cautions to those who say the US economy is in the final stages of recession. "We are not out of problems yet," says Mr Buffett. "We have got to get the sputtering economy back so it is functioning as it should be," added the septuagenarian "Sage of Omaha" in an interview with the New York Times. Full story...