<img title="Image: http://www.myvivvo.com/thumbnail.php?file=warren_buffett_new.03_607012521.jpg&amp;size=article_medium" src="http://www.myvivvo.com/thumbnail.php?file=warren_buffett_new.03_607012521.jpg&amp;size=article_medium" alt="Buffett sees US in recession">
										
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								<span>Berkshire Hathaway CEO tells German magazine he believes country is now in recession.<br><br>BERLIN
 (AP) -- Warren Buffett, whose business and investment acumen has made 
him one of the world's wealthiest men, was quoted in an interview 
published Sunday as saying the U.S. economy is already in a recession.<br><br>Asked
 by Germany's Der Spiegel weekly whether he thinks the U.S. could still 
avoid a recession, he said that as far as the average person is 
concerned, it is already here.<br><br>"I believe that we are already in a
 recession," Buffet was quoted as saying. "Perhaps not in the sense as 
defined by economists. ... But people are already feeling the effects of
 a recession."<br><br>"It will be deeper and longer than what many think," he added.<br><br>The
 77-year-old chairman and chief executive of Berkshire Hathaway Inc. 
(BRKB) gave the interview while he was in Europe for what he called a 
"deferred shopping tour," looking for possible acquisitions.<br><br>Omaha-based
 Berkshire has about $35 billion in cash and is looking to invest. 
Berkshire's subsidiaries include insurance, clothing, furniture, natural
 gas, corporate jet and candy companies. Berkshire also has major 
investments in such companies as Coca-Cola Co. and Anheuser-Busch Cos.</span>
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