Warren Buffett: After the USA's slow and painful death, I will buy America for 200 Trillion Dollars, which will be equal to about 31 euros

From Reuters:

"The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.

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."

Forbes.com list America Recession Proof Cities, but DC is not on there, because DC is not a city, it is a district.

From Joshua Zumbrun of Forbes.com:
"Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year.
But some cities are doing just fine.
Take Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis."

Buzz Kill of the Day: Buffett says Nation in for Long Recession, Eternal Doom

Ugh:

"Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect."

Funny he would say that on the day he announced his intention to acquire Wrigley's.