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Realistbear

Soros: Act 2 Of The Drama Is Just About To Start

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aY_SHqr1LQhk&pos=4

Soros Says ‘We Have Just Entered Act II’ of Crisis (Update2)
By Zoe Schneeweiss and Andrew "Andy" MacAskill
June 10 (Bloomberg) -- Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and governments are pressured to curb budget deficits that may push the global economy back into recession.
“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

George is obviously not buying the "locked in recovereh" or the recent irrational euphoria on the stockmarkets.

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aY_SHqr1LQhk&pos=4

Soros Says ‘We Have Just Entered Act II’ of Crisis (Update2)
By Zoe Schneeweiss and Andrew "Andy" MacAskill
June 10 (Bloomberg) -- Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and governments are pressured to curb budget deficits that may push the global economy back into recession.
“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

George is obviously not buying the "locked in recovereh" or the recent irrational euphoria on the stockmarkets.

The return on the stimulus measures is simply not sufficient to justify them when debt is ballooning towards unserviceable levels. That's what the markets think. You will not be right when you cut the deficit because 'they' will say we are headed for double dip AND you will be wrong if you continue unabated spending claiming that the 'recovery' needs to be entrenched before any substantial cuts are made. So, that means either way there will a correction and it could be drastic.

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“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”

That's going to put many thousands of dollars on the price of the world's premier currency.

Edited by Take Me Back To London!

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Can't stand the bloke.

Desperately talking up misery so he can profit.

Psychologically flawed psycopath developed from his childhood days as a Jewish Nazi helper.

I just wish he'd be a little more accurate with his thread titles. As it happens this one wasn't too bad. :P

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I just wish he'd be a little more accurate with his thread titles. As it happens this one wasn't too bad. :P

:D:D Must make the Funniest of 2010 shortlist. Hope RB sees it that way.

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Can't stand the bloke.

Desperately talking up misery so he can profit.

Psychologically flawed psycopath developed from his childhood days as a Jewish Nazi helper.

+1

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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