World's Richest Man Says the US Economy is in Recession (& Times Bookstore's 30th Anniversary)

Warren Buffet thinks the US is in for a "long and deep" recession which has already started. Excerpt from Reuters' website below:

He said the United States was "already in recession" and added: "Perhaps not in the sense that economists would define it" with two consecutive quarters of negative growth.

"But the people are already feeling the effects," said Buffett, the world's richest man. "It will be deeper and last longer than many think."

Well, the rest of the world can't be far behind.

On a different note: Times Bookstore is celebrating it's 30th birthday by giving it's members 30% off regular-priced items. Check out the full details here.