MADRID (Reuters) - Investor Warren Buffett said on Wednesday that he saw the impact of the current financial crisis on the U.S. economy lasting longer than many people do.
"I think tidal wave that hit various financial institutions since last August has largely been recognized and felt," Buffett, the world's richest man, told a news conference in Madrid.
"In terms of the effect on the economy in the United States, we don't know, but I think it will be longer and deeper then many people do. There could well be a lot to come," he added.
(Reporting by Ben Harding; Editing by Martin Roberts)Share Investor Business News- Get more business news
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