Buffett: U.S. still see long-term depreciation.

Warren Buffett May 3 at Berkshire Hathaway's shareholder meeting the company pointed out that the credit crisis swept Wall Street to ease down, "the worst is over", and certainly the Fed rescue of Bear Stearns .Bank is the right thing, but he is still long to see that the dollar depreciated. .<P> (Http://finance.) Buffett 3 to participate as chief executive of Berkshire Hathaway in Omaha, Nebraska was held at the Annual General Meeting. .Since 2002, the Buffett predicted a weaker dollar with respect at the meeting, the United States will make a weaker dollar will continue to implement the policy, the dollar long-term market outlook is bearish. .Buffett said he was willing to invest in France, Italy and the UK business, big make the euro and sterling, as these currencies against the U.S. dollar will continue the strong uptrend. .</ P> <P> is based on watching the dollar, Buffett in 2006 by 40 billion investment Israeli metalworking company Iscar, this is his first investment companies outside the United States, after which he gradually invest in China, Israel and the United Kingdom .and other foreign companies. .</ P> <P> Buffett also said the meeting, the Federal Reserve arranged JPMorgan Chase Bank in March of 24 billion acquisition of the tragic defeat of the Bear Stearns subprime mortgage banks, this approach quite appropriate. .He also disclosed that as early as JP Morgan, he Jibei consulted the wishes of the acquisition of bank Bear Stearns, he said that due to lack of sufficient funds, and map out solutions to the time refused. .Buffett said before attending the shareholders meeting: "subject to sub-prime crisis hit Wall Street, the worst time is over." </ P> <P> But even the investment was regarded as a precise vision of the world's richest man Warren Buffett ., also have in this sub-prime crisis Renzai. .Berkshire Hathaway said in a statement today that the company's first quarter profit of 9.4 billion U.S. dollars, plunged 64% last year, one quarter of the value of the derivative contract by reducing drag, the first quarter was 991 million investment loss ., is the main cause of a collapse in profits. .</ P>.