Effects of credit crisis 'far from over' - Buffett

Speaking at the start of his European tour in Frankfurt yesterday, the man dubbed the ‘Sage of Omaha’ says while most of the impact on stock markets may have already been experienced, the US will be feeling the pinch for some time. “I don't think the effects of the credit crunch are far from over at all. I think there will be rippling secondary, tertiary effects,” Buffett says. “I think the Wall Street crisis is mostly over although I don’t know. But I don't think we're halfway through or even a quarter-way through in terms of the effects on the economy. “The initial effects are felt ...