Buffett: Unemployment linked to housing
Premium ContentClick on Premium Content on the Featured navigation bar for information.The nation's housing market remains in a "depression," Warren Buffett said Saturday, keeping the nation's unemployment rate too high.
Buffett, the chairman and CEO of Omaha investment company Berkshire Hathaway Inc, said he was "dead wrong" last year when he predicted the housing market would turn around by the end of 2011.
Even though Berkshire's housing-related businesses made a profit in 2011, he said, it