Buffett: Economy is "in shambles"; better days ahead

03/2/2009 | Bloomberg · Commercial Property Executive

Warren Buffett said in a letter to Berkshire Hathaway investors that "reckless lending" caused the worst free-fall he has ever seen. Buffett went onto say the economy will remain "in shambles" for the remainder of this year. He also raised concerns about derivatives, a stumbling block the commercial real estate market may have avoided.

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Bloomberg · Commercial Property Executive

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