Warren Buffett's Interview on CNBC as of September 23, 2010
To the question that the recession officially ended back in June of last year, Warren answered:
"Well, they define it differently. (Laughs.) But I-- I mean, I-- I define it-- I think we're in a recession until real per capita GDP gets back to where it was-- before. That is not the way the National Bureau of Economic Research measures it. But I will tell you that to any-- on any common sense definition, the average American is below where he was before, or his family, in terms of real income, GDP. We're still in a recession. And-- and we're not gonna be out of it for awhile, but we will get out of it.
Part I: Warren Buffett's Interview on CNBC:
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