*Buffett sour on economy












He tells CNBC that there's been little progress over the past few months and that the economy is a "shambles." From the network's web site:

Despite his negative view on the economy, Buffett still believes the stock market is attractive "over the next 10 years" when compared to alternatives like Treasury bonds. Buffett endorsed Ben Bernanke's reappointment as Federal Reserve Chairman, saying "you couldn't do better." He also praised Treasury Secretary Tim Geithner.

Haven't seen any video of the interview itself, but above clips has the CNBC crew yacking it up.

*Update: Fox Business also gets a few minutes with Buffett. A hedge fund manager who paid more than $2.11 million last year to break bread with the Oracle of Omaha finally got his chance today at Smith & Wollensky's steakhouse in NY. It's part of an annual charity event.



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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