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Buffett Tells CNBC Economy Has "Fallen Off a Cliff"
By
Jen Chung
Published Mar 9, 2009
Modified Mar 9, 2009
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By
Jen Chung
Published Mar 9, 2009
Modified Mar 9, 2009
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Billionaire investor Warren Buffet discussed the economy on CNBC's Squawk Box this morning, pointing out the obvious—how its has "fallen off a cliff"—while also trying to remain upbeat, saying the economy will be better in five years, though he'd "like to get there a lot faster than five years." Of course, Buffett's "off a cliff" remarks apparently offset a rally this morning!
Dealbreaker has video and a transcript; CNBC also has highlights, including Buffett saying that derivatives aren't "evil" though they are dangerous.
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CNBC
economy
recession
warren buffett
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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