Buffett: 'We’re coming back, no question in my mind'

When Warren Buffett looks at America's economy, he sees recovery.

In an exclusive interview with Yahoo! News and the Huffington Post, Buffett disagreed with New York Times columnist and Nobel Prize-winning economist Paul Krugman, who wrote recently that he fears the U.S. is in “the early stages of a third depression.”

Watch Buffett’s analysis of the economy here:

In the interview, Buffett says “we’re on the right course” and encourages President Obama to speak with “enormous confidence” about the country’s economic future. He says that the stimulus is working and that the economy will improve in the next two or three years.

“We’re hiring,” he adds, referring to many of his Berkshire Hathaway companies.

Buffett spoke from Sun Valley, Idaho, while attending the Allen & Company conference, an annual gathering of technology and media leaders. You can see all 12 Buffett clips on Yahoo News' Newsmakers channel.

— Anna Robertson and Erin Green produced the interview for Yahoo! News.

More video on Buffett’s view of the economy:
• Buffett on additional stimulus, debt reduction and extending unemployment benefits
• Buffett says Congress shows more loyalty to party than principle
• Derivatives: Are the 'financial weapons of mass destruction' less dangerous?