Soros sounds the alarm again on world economy

[flashl]

Source: IHT

At the age of 77, Soros, one the world's most successful investors and richest men, leapt out of retirement last summer to safeguard his fortune and legacy. Alarmed by the unfolding crisis in the financial markets, he once again began trading for his giant hedge fund — and won big while so many others lost.

...

Last week he rushed out a book, his 10th, warning that the financial pain has only just begun.

"I consider this the biggest financial crisis of my lifetime," Soros said during an interview Monday in his office overlooking Central Park. A "superbubble" that has been swelling for a quarter of a century is finally bursting, he said.

...

Soros was one of only two people there who predicted the American economy was headed for a recession, he said.

IHT

Read more: http://www.iht.com/articles/2008/04/11/business/11soros.php

[Bozita]

1. He was on Charlie Rose last night for half the hour. He said essentially the same thing.

Interesting reading.

Thanks for posting.

[Bozita]

2. Same article is in NYT today titled "The Face of a Prophet" -- Featured spot on pg. C-1

The Face of a Prophet
By LOUISE STORY
Published: April 11, 2008
George Soros will not go quietly.

http://www.nytimes.com/2008/04/11/business/11soros.html?_r=1&oref=slogin

[lonestarnot]

3. Freak'n liberal!

:sarcasm:

[xchrom]

4. recommend