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Buffett says economy on mend, bonds ‘terrible’ investment

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By Jonathan Stempel (Reuters) – Warren Buffett said on Monday the U. S. economy is gradually improving, helped by the efforts of Federal Reserve Chairman Ben Bernanke to stimulate it, but that low interest rates have made bonds "terrible investments. " Speaking on CNBC television, Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding. . . .

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