When it comes to the U.S. credit crisis, we’ve all heard the numbers. The stock market decline wiped out $7 trillion in shareholder wealth. It forced the federal government to commit to $11.6 trillion in bailout programs and stimulus spending. And it’s led to the longest U.S. downturn since the Great Depression.

Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.A) is finally starting to offload its 20% stake in ratings agency Moody’s Corporation (NYSE.MCO).

Stocks break-even for 2009… 2 charts detail the strange path to “profitability”… Chris Mayer on Buffett, Berkshire and the latest shareholder’s meeting…Dan Amoss with a sector begging to be shorted…Our in-house bankruptcy adviser on the fate of Chrysler…Plus, a rare Overtime Briefing… investing in the “swine flu”

The Dow dropped another 338 points on Friday. How much more of this can investors take? Berkshire Hathaway fell below $100,000. And GM appeared to be heading for the junkyard.

With the stock market in turmoil, it’s a good time to check in on what Warren Buffett is doing with his portfolio. Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A, BRK.B) has struggled in the first half of the year. Money Morning’s Jason Simpkins says $3.5 billion of Berkshire’s recent $4-billion shopping spree is still unaccounted for…

After two weeks of nail-biting speculation, InBev NV pulled the trigger on its takeover offer to Anheuser-Busch Companies Inc. (BUD), putting up a $46.3 billion, or $65 per share, cash bid for the U.S. market leader.

Today, we have another recession proof way to score big money, while even Buffett is fleeing this country. Wayne even includes a few smaller companies that should do handsomely over the next few months.

When Philip Harris, now Lord / Baron Harris of Peckham, set up his first Carpetright on the Manor road, Canning town in 1988 he can’t have imagined it would all come to this.

Bowing to peer pressure from Eurocentric readers, today’s comment focuses squarely on opportunities in European indexes, or should that be ‘bourses.’

The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel.