3:07 pm June 24, 2009, by Henry Unger
Last week, GE Vice Chairman John Rice told Atlanta reporters that he had not seen any signs of recovery.
On Wednesday, billionaire investor Warren Buffett told CNBC the same thing. Here’s the story link.
The recession, which officially began in December, 2007, already is long in the tooth.
But Buffett believes the economy will be “in a shambles this year and probably well beyond.”
He still thinks stocks will be attractive during the next 10 years, when compared with alternatives, such as Treasury bonds.
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