Warren Buffet calls it recession, but ...

Warren Buffet calls it recession, but ...:
San Francisco Chronicle, Tuesday, March 4, 2008
If Warren Buffett says we are in a recession, then we must be in one, right?
On CNBC Monday, Buffett said that 'by any common-sense definition, we are in a recession.' The Berkshire Hathaway chairman pointed to declining home values and the fact that sales at his company's candy, home furnishings and jewelry stores are down 'across the board.