Buffett a 'huge bull' on US and rules out double dip

Investment guru Warren Buffett has ruled out a double dip recession in the US and says the businesses owned by his Berkshire Hathaway vehicle are expanding.

Speaking to the Montana Economic Development Summit, Buffett says he remains confident of a American economic rebound, Bloomberg reports. "I am a huge bull on this country. We will not have a double dip recession at all," Buffett says. "I see our businesses coming back almost across the board." Buffett's Berkshire made a huge bet in the US economy earlier in the year, completing the $27bn deal for railroad Burlington Northern Santa Fe in February. "I've seen sentiment turn sour in the last three months or so, generally in the media," the Sage of Omaha says. "I don't see that in ...