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Old 01-23-2008, 03:34 PM   #1 (permalink)
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U.S. Recession Is `Almost Inevitable'

Soros Says U.S. Recession Is `Almost Inevitable' (Update1)

" Jan. 23 (Bloomberg) -- Billionaire investor George Soros said a U.S. recession is all but certain as lenders and investors stop the flow of credit, while the global economy probably will avoid contraction.

``I think it is almost inevitable that the turmoil in the financial markets will affect the real economy,'' Soros, 77, said today in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland. ``I don't expect a global recession,'' said Soros, founder of New York-based hedge-fund firm Soros Fund Management LLC, which has $17 billion in assets.

The U.S. Federal Reserve, which yesterday announced its first emergency rate cut since 2001 in an effort to calm U.S. recession worries, is ``doing the right thing, lowering interest rates,'' just not quickly enough, Soros said.

``I think the Fed is well behind the curve, and has been reacting instead of being proactive,'' he said, adding that the primary blame lies with former Chairman Alan Greenspan.

``Alan Greenspan mishandled it by keeping interest rates too low too long and also ignoring dangers in the housing market,'' Soros said. "

Bloomberg.com: Worldwide
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Old 01-27-2008, 11:57 PM   #2 (permalink)
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YEAH Glen Beck has been talking about this for a while now ...........
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Old 01-28-2008, 10:45 AM   #3 (permalink)
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Loon Report

U.S. Recession Is... 01-29-2008 12:29 AM stop

U.S. Recession Is... 01-29-2008 04:48 AM
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Last edited by nhboy : 01-28-2008 at 11:09 AM. Reason: Add dork.
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Old 01-28-2008, 11:00 AM   #4 (permalink)
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[b][u][color="Blue"]" Jan. 23 (Bloomberg) -- Billionaire investor George Soros said a U.S. recession is all but certain as lenders and investors stop the flow of credit, while the global economy probably will avoid contraction. But luckily, if we vote for Monica's ex-boyfriend's wife, we can avoid catastrophe, because she's destined to save the world!
...
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Old 01-28-2008, 11:02 AM   #5 (permalink)
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[Billionaire investor George Soros said a U.S. recession is all but certain
If I didn't know any better, I would think he was trying to influence an election. Good thing he'd never do that.
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Old 01-28-2008, 11:17 AM   #6 (permalink)
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If I didn't know any better, I would think he was trying to influence an election. Good thing he'd never do that.
Ya think?

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