Read more annual letter stories on Newserhttp://www.newser.com/taggrid/25099/annual-letter.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorThu, 24 May 2012 23:43:53 CDThttp://www.newser.com/story/20657/us-in-recession-now-buffett.htmlPeter Fearon<img src='http://img2-cdn.newser.com/getimage.aspx?mediaid=80335&width=45&height=45&crop=Y&updateddate=20110401020945' border='0' />The US is already in a recession for all practical purposes, even if economic conditions haven't yet met the technical definition of at least two consecutive quarters of negative growth. That's the verdict of billionaire investor Warren Buffett, who tells CNBC that a serious economic slowdown is obvious in reports...Billionaire investor Warren Buffet, interviewed on CNBC, says the US economy is already in recession by common sense definition. (AP Photo/Gerald Herbert, file)http://www.newser.com/story/20657/us-in-recession-now-buffett.htmlTue, 04 Mar 2008 03:28:01 CST