The following news has been published in the MSN.
"NEW YORK - Billionaire investor Warren Buffett predicted Saturday that "the nation's economy will be in shambles throughout 2009" and probably "well beyond."
In his annual letter to Berkshire Hathaway Inc. shareholders, Buffett said the credit crisis and falling housing and stock prices have led to "paralyzing fear."
But the famed investor remained optimistic about America's resilience.
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"Though the path has not been smooth, our economic system has worked extraordinarily well over time," he said. "It has unleashed human potential as no other system has, and it will continue to do so. America's best days lie ahead."
America has faced bigger economic challenges in the past, Buffett said, including two World Wars and the Great Depression
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