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George Soros on the Global Rebound
Billionaire investor George Soros thinks the worst of the global financial crisis is behind us.
In a June 20 interview with Polish television, the Hungarian-born Soros acknowledged that this has been the most serious crisis he’s seen in his lifetime, but said, “Definitely, the worst is behind us.”
For those that like to interpret “Soros-speak,” that’s as powerful a sign as any that one of the world’s most successful investors is “going long.”
But is he wrong?
On one hand, the World Bank is busy roiling the markets with recently updated figures that project a 2.9% decline in global economic activity this year. Then there are…
1Jul2009 | Money Morning | 0 comments | Continued
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