Saturday, May 5, 2007

Buffett: Subprime problems not big economic threat

(Reuters) - As long as unemployment and interest rates did not rise significantly, Buffett said "it's unlikely that that factor triggers anything of a massive nature in the general economy."

Earlier in the meeting, Buffett said the U.S. housing downturn was hurting results at Berkshire's residential construction businesses.


Read more at Reuters.com Government Filings News

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