http://www.nytimes.com/reuters/business/business-berkshire-buffett-recession.htmlWarren Buffett, the world's richest person, said on Sunday the U.S. economy is in recession, "as I define it."
Buffett's comment was at odds with a U.S. Commerce Department report last week showing the economy grew at a 0.6 percent annualized rate in the first quarter.
"The U.S. is in recession as I define it," Buffett said at a news conference. "I would define that as a situation where people are doing less well than they were three months, six months or eight months earlier and most businesses find themselves in that position too.
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