Posted on 04/08/2009 2:29:32 PM PDT by DrGop0821
Liberal financier George Soros on the economy and the banking collapse. This is the same man who said last month that is is "having a very good crisis", as his hedge fund managers make billions off recession.
(Excerpt) Read more at conservativexpress.blogspot.com ...
I loathe to agree, but this man knows money.
Which is ironic since he’s a commie.
He needs a plane crash.
still selling short I see.
The Federal Reserve and the government over the last 8-9 years has done a number on our economy. They created a bubble and this has turned us into the Weimar Republic
two...just in case
I think what he said is basically true though...
TURNING and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: somewhere in sands of the desert
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
No matter how hard he tries, George Soros will never have enough money or enough sense. Give it up, George, you soulless, greedy bastard.
03/05/2009
The U.S. Financial System Is Effectively Insolvent
Forbes ^ | 03/05/09 | Nouriel Roubini
http://www.forbes.com/2009/03/04/global-recession-insolvent-opinions-columnists-roubini-economy.html
For those who argue that the rate of growth of economic activity is turning positive—that economies are contracting but at a slower rate than in the fourth quarter of 2008—the latest data don’t confirm this relative optimism. In 2008’s fourth quarter, gross domestic product fell by about 6% in the U.S., 6% in the euro zone, 8% in Germany, 12% in Japan, 16% in Singapore and 20% in South Korea. So things are even more awful in Europe and Asia than in the U.S.
There is, in fact, a rising risk of a global L-shaped depression that would be even worse than the current, painful U-shaped global recession. Here’s why:
First, note that most indicators suggest that the second derivative of economic activity is still sharply negative in Europe and Japan and close to negative in the U.S. and China. Some signals that the second derivative was turning positive for the U.S. and China turned out to be fake starts. For the U.S., the Empire State and Philly Fed indexes of manufacturing are still in free fall; initial claims for unemployment benefits are up to scary levels, suggesting accelerating job losses; and January’s sales increase is a fluke—more of a rebound from a very depressed December, after aggressive post-holiday sales, than a sustainable recovery.
For China, the growth of credit is only driven by firms borrowing cheap to invest in higher-returning deposits, not to invest, and steel prices in China have resumed their sharp fall. The more scary data are those for trade flows in Asia, with exports falling by about 40% to 50% in Japan, Taiwan and Korea.
(Excerpt) Read more at forbes.com ...
..and why was he banned from other countries?
He should know...his currency & market manipulations certainly helped grease the skids.
I think it’s because he made too much money... :-)
The bank “stress test” data is so bad Geithner is holding it back.
Sometimes archvillians are right too, you know.
I’ll let your answer speak for itself
:-)
Of course, making too much money is the definition of a good capitalist, too... :-)
how many holes a day do you dig for yourself?
As many as I can; I believe in mass production... :-)
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