Warren Buffet On Economy: 'We've Had No Bounce' (VIDEO)

07/25/2009 05:12 am ET | Updated May 25, 2011

In an interview with CNBC this week, legendary investor Warren Buffett offered a rather grim assessment of the economy. In other words, forget all the recent talk of an emerging recovery.

Buffett put it this way: "We've had no bounce." And what about those ballyhooed green shoots? Buffett certainly hasn't seen any: "I had a cataract operation on my left eye I, and I thought I'd be able to see them...We're not seeing them."

Buffett also addressed Fed Chairman Ben Bernanke, who has recently been the subject of a host of rumors about his reappointment. Calling Bernanke's performance at the Fed "fabulous," Buffett added, "I don't see how you could do any better [than Bernanke]."

WATCH the full interview:

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