Famed investor Warren Buffett declared that the country and world will not fall back into the grips of the recession. "I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Omaha, Neb.-based Berkshire Hathaway Inc. "I see our businesses coming back across the board."
Buffett said the same things that worked for the country through a century of two world wars, a depression and more – all while increasing the standard of living – will work again. He said banks are lending money again, businesses are hiring employees and he expects the economy to come back stronger than ever.
"This country works," Buffett said during a question-and-answer session via video at the Montana Economic Development Summit. "The best is yet to come."
By Matt Gouras at The Huffington Post