Buffett: 'No Question' Global Economy Is Slowing

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By Alex Crippen | CNBC – 2 hours 8 minutes ago

Warren Buffett tells CNBC there's "no question" the global economy is "slowing" but the U.S. is "inching ahead" and doing better than Europe.

Warren Buffett. Picture: ReutersHe also sees a "turn" for residential housing in the U.S. and as it improves, Berkshire Hathaway's housing-related companies will benefit.


Some of those Berkshire subsidiaries are already seeing double-digit increases in their businesses.

Buffett also tells Squawk Box's Becky Quick that he feels "fine" and "great" after concluding a series of radiation treatments this summer for prostate cancer.

Buffett revealed that he's bought some more share of Wells Fargo (WFC) in the past week, taking advantage of its price decline. Over the past month, the bank's stock is down just over three percent.

As of June 30, 2012, Berkshire reported it held over 411 million shares worth almost $14 billion. Buffett joked that it wasn't enough so he bought more.