Warren Buffett is one of the worlds most respected experts in the realm of “high finance”. He’s made himself, and his investors a whole lot of money over the years, and in a manner that is perhaps more responsible than any other money man in history. So when Buffett says the current recession will be “longer and deeper than many may think”, his words carry a weight unparalleled, except, perhaps, for those of the former FED chairman, Greenspan.
Here is the article. There are no specifics, but it’s harrowing considering who it comes from, and looking at the reality of consumer prices shooting through the roof.