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Investor Warren Buffett says profits are soaring at US companies as economy slowly recovers

Investor Warren Buffett says the U.S. economy continues to improve gradually, and he doesn't think any price "bubbles" are developing.

Buffett told Berkshire Hathaway shareholders at the company's annual meeting Saturday that American businesses are thriving as is evident in their profit reports.

The fact that interest rates have remained near zero for several years has some investors worried about bubbles forming in prices.

Buffett doesn't see signs that a bubble is forming in bonds or any other assets. But he says it's unusual that rates have remained low this long.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.17% up 4.11%  
15 Y Fixed Graph 3.19% up 3.16%  
30 Y Fixed Jumbo Graph 4.35% up 4.32%  
5/1 ARM Graph 3.30% up 3.13%  
5/1 Jumbo ARM Graph 3.56% up 3.32%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.41% dw 4.52%  
$50K HELOC Graph 4.06% dw 4.09%  
$30K Loan Graph 5.08% -- 5.08%  
$50K Loan Graph 4.56% -- 4.56%  
$75K Loan Graph 4.56% -- 4.56%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.06% up 3.04%  
36 M Used Graph 3.29% up 3.26%  
48 M New Graph 2.96% dw 2.99%  
48 M Used Graph 2.96% up 2.93%  
60 M New Graph 3.22% dw 3.25%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% -- 0.37%  
1 yr Graph 0.60% -- 0.60%  
5 yr Graph 1.45% -- 1.45%