Legendary investor Warren Buffett has made a U-turn from his previous stance as an "uber bull", saying he now thinks the US is "still in a recession".
Reports from the US say the ‘Oracle of Omaha' has changed his mind from a fortnight ago, when he categorically ruled out a double-dip recession in the US. Yesterday Buffett, the second richest man in the US with a $45bn fortune, told CNBC: "I think we're in a recession until real per capita GDP gets back to where it was before." While he still believes the US will eventually emerge from its recession, he says it may take some time. Buffett was responding to a question about the National Bureau of Economic Research's determination earlier this week that the recession 'officially' en...
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