U.S. billionaire Warren Buffett not only thinks that Standard & Poor’s shouldn’t have downgraded the country’s credit rating from AAA to AA+ — he thinks it should have been raised to “quadruple A.”
The Berkshire Hathaway chairman, 80, also tried to restore confidence in the markets after last week’s dramatic Wall Street sell-off, telling Bloomberg Television: “Financial markets create their own dynamics, but I don’t think we’re facing a double dip recession.”. . .