26.6.08

Buffett Says He's Concerned About U.S. `Stagflation' (Update4)

he's concerned about ``stagflation,'' or slowing in the U.S. economy while inflation accelerates.
``We're right in the middle of it right now,'' said Buffett, chairman of Omaha, Nebraska-based Berkshire Hathaway Inc., in an interview on Bloomberg Television today. ``I think the `flation' part will heat up and I think the `stag' part will get worse.''
http://www.bloomberg.com/apps/news?pid=20601213&sid=amCCz4wNzVCE&refer=home

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