Warren Buffet announced in a letter to shareholders that “the economy will be in shambles throughout 2009 — and for that matter, probably well beyond.”
God help us.
If Buff’s worried, we might all be screwed. His Berkshire Hathaway Inc. reported a drop in profit of 96% while net income dropped by $10.9 billion.
I know I’m not great at math, but that sounds pretty bad.