US economy could withstand brief fall off 'cliff'
US economy could withstand brief fall off 'cliff' It's the scenario that's been spooking employers and investors and slowing the US economy:
Billionaire Warren Buffett, whose Berkshire Hathaway Inc. posted its worst results ever in 2008, said Monday that the economy ``has fallen off a cliff'' and that efforts to stimulate recovery may lead to inflation higher than the 1970s.