Wednesday, Apr 14, 2010
I think he is right, do you?
Reuters: Markets could be derailed again, warns Soros
Railway porter-turned-billionaire financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis.
The man who ‘broke’ the Bank of England (and who is still able to earn a cool $3.3 bln in a year) said the same strategy of borrowing and spending that had got us out of the Asian crisis could shunt us towards another crisis unless tough lessons are learned.
Posted by mark @ 06:04 PM (1098 views) Add Comment
3 Comments
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1. braindeed said...
Old Geogeos's comments should be taken with a dumper load of salt - he's part of the problem, not the solution.
2. fallingbuzzard said...
Whereas your comment could be taken with a dumper load of shite
He's soon dead, even by his estimates. So what's the solution?
3. Sin Nick said...
This is the same George Soros who said that gold was the ultimate bubble, then doubled his gold holdings the following week as the price fell.
Wonder what the old crook is scheming this time.