Uncle Warren, of Berkshire Hathaway (BRK) fame, has spoken.

And it's not good.

Warren Buffett, known for his buy-low-and-hold-forever investing strategy, thinks the recession we're in (but it's still not official) will be longer and more problematic than most so-called experts have prognosticated. He's concerned, too, because his company is heavily leveraged in consumer goods and housing.

Buffett says recession may be worse than feared: Financial News – Yahoo! Finance