Why This Crisis is Still Far from Finished

Why this crisis is still far from finished
By Mohamed El-Erian
Published: April 24 2008

During the past few weeks we have seen a growing number of market participants predict an end to the dislocations that erupted last summer and claimed victims throughout the financial system and beyond. While their predictions are understandable, they are premature. The dynamics [...]

Buffett: “Economy is in a Recession”

NEW YORK (Reuters) — Warren Buffett, the world’s richest person, said Monday that the U.S. economy is in a recession that will be more severe than most people expect.
Buffett made his comments on CNBC television after his Berkshire Hathaway (BRKA, BRKB) agreed to invest $6.5 billion in the takeover of chewing gum maker Wm Wrigley [...]