Buffett: Economy Still in 'Shambles'

The US economy is still in “shambles” even though the crisis in the financial system has abated, Warren Buffett told CNBC today. “It takes a while,” the investor said. “There were a lot of excesses to be wrung out and that process is still underway.” Inflation may become a problem, he predicts, but Wall Street will remain an attractive investment over the next decade. (More Warren Buffett stories.)