US economy has 'no bounce'
China Daily | Updated: 2009-06-26 08:16
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Chinese hedge fund manager Zhao Danyang (left) and his son stand with billionaire investor Warren Buffett after placing the winning bid in a charity auction for lunch with Buffett in New York on Wednesday. Buffett, the Omaha, Nebraska-based chief executive officer of Berkshire Hathaway, handed his wallet to the younger Zhao and then whispered him a stock tip as they passed by photographers after completing television interviews at New York's famous steakhouse, Smith&Wollensky. Reuters |
NEW YORK: Warren Buffett said on Wednesday that the US economy has "no bounce" and will take time to recover, but there is no risk of deflation to push it further into despair.
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