Showing posts with label george soros april 2009. Show all posts
Showing posts with label george soros april 2009. Show all posts

Monday, April 13, 2009

George Soros Interview: Fallout of Collapse Will Linger

Just came across this interview George Soros gave for Yahoo Tech Ticker.

Soros says the real danger of economic collapse has passed - but goes onto say that we did not succeed in recapitalizing the banks, and the rebuilding effort will take a long time.  He believes the fallout will linger, because we have zombie banks that are alive but have too much junk on their balance sheets.

Soros seemed sharp and on point in this interview, a nice rebound from his January efforts, when we openly asked Has George Soros Lost His Mind?

Tuesday, April 07, 2009

George Soros, Marc Faber Say It's Only a Bear Market Rally

Legendary investor George Soros, co-founder of the famed Quantum Fund with Jim Rogers, told Bloomberg: “It’s a bear-market rally because we have not yet turned the economy around," and reiterated that this financial crisis is worse than anything we've seen in our lifetimes.

Marc Faber is also quoted in the article, saying the S&P index may fall to around 750, and rebound after July.

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