Buffett contradicts himself on recession

Last week Billionaire investor and Berkshire Hathaway Chairman, Warren Buffett appeared via video link at the Montana Economic Development Summit and made some very bullish statements about the economy, the state of Berkshire Hathaway's businesses and the recovery.

In an article by MATT GOURAS published online by The Washington Post on Monday, September 13, 2010 Buffett is quoted as saying;

"I am a huge bull on this country. We are not going to have a double-dip recession at all, I see our businesses coming back across the board."

Yet just 10 short days later Buffett is interviewed by CNBC's Becky Quick.

Becky - The NBER said this week that the recession officially ended back in June of last year.

Buffett - Well, they define it differently. But I mean, I define it, I think we're in a recession until real per capita GDP gets back to where it was before. That is not the way the National Bureau of Economic Research measures it. But I will tell you that to any, on any common sense definition, the average American is below where he was before, or his family, in terms of real income, GDP. We're still in a recession, and we're not gonna be out of it for awhile, but we will get out of it.

Check the video out for yourself.