Chronicles Of Depression 2.0: #404: Soros

Soros says deep recession inevitable, depression possible

WASHINGTON (Reuters) – George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:

* Said “a deep recession is now inevitable and the possibility of a depression cannot be ruled out.”

Emphasis added by me.

I’d like to have a tracker on his movements.

If he ever declares a Depression is imminent and the next day he flies out of the country …

Explore posts in the same categories: C.O.A.T. - Belief, C.O.A.T. - Money, C.O.A.T. - Self-Defense, Depression 2.0

One Comment on “Chronicles Of Depression 2.0: #404: Soros”

  1. Mark T. Market Says:

    I recently featured Fareed Zakaria’s interview of Soros is and interesting discussion of how bubbles form out of misconceptions and how reality sets in and bursts and crashes bubbles.

    Unlike other critics like Peter Schiff and Jim Rogers, Soros favors government intervention to regulate markets since he doesn’t believe in the “self-correction to equilibrium” notion of markets.

    Soros’ skeptical approach to human prediction of markets is similar to Nassim Taleb’s ideas that history is inherently a fallacy and any prediction based on past data is imperfect at best.


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