NEW YORK, Mar 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles, but faces an uneven recovery as consumers keep a tight rein on spending.
"We got past Pearl Harbor," Buffett said on Monday on the CNBC business news channel. "We will win the war, and it's going slightly our way."
Buffett said business remains "slow" in many areas, including at his Berkshire Hathaway Inc (BRKa.N)(BRKb.N), as consumers adopt a more cautious mindset about spending.
He also said consumers must fend off "out of control" health care costs, which he called "a national emergency" and a "tapeworm" eating at the economy.
Click here for the complete article. Buffett: Economy on mend, health care big problem | Reuters
Monday, March 1, 2010
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