Warren Buffett says that, unless there is major spillover from Europe’s debt crisis, the U.S. should avoid recession and continue to grow. Answering questions at the Economic Club of Washington, D.C., Buffett said that “unless events in Europe develop in some way that spills over here big-time,” the chances of the U.S. sliding back into recession are very low. Buffett also discussed the inherent problems of Europe’s union, and said that individual investors should buy index funds on a monthly basis. And he talks about the U.S.’s debt problems, and what he thinks about the Efficient Market Hypothesis.