Tuesday, 29 April 2008

Oh dear

THE world's richest man has spoken, and it's not good news.

When Warren Buffet, left, opens his mouth, people generally listen. It's not just because of his wealth ($62 billion, according to Forbes). He dismissed the dot.com boom as unsustainable, and remains a byword for financial prudence and value investment.

He has repeated earlier fears about a recession, adding, "My feeling from what I see in the economy is this, it will not be short and shallow."

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