Last but never least, Warren Buffett says that the economy "hasn't gotten worse" but also hasn't "gotten much better" over the past three months. Nonetheless, he doesn't expect a 'double-dip' recession and sees significant improvement in residential real estate. Buffett says that based on a number of indicators, including data from Berkshire Hathaway companies, "we have not bounced -- but we've quit going down." He also sees "important" signs of life for housing: "I think we're certainly—we’re through the worst of it in residential real estate in all probability. And-- and-- and the reason is we're building a lot fewer houses and we're-- and we're forming households, so that solves itself over time. Doesn't do it in a day or a week, but it solves itself. So we're further on that."