George Soros sees no bottom for global financial “collapse”

February 22, 2009 by · 1 Comment
Filed under: Opinion 

If we are discussing the former financial system based on the previous amount of trust and confidence, Mr. Soros is correct.  There has been an excessive amount of debt built up in the system right now, while the engine that generated that income is falling apart.

Until we deal with those obligations, we are not going to stabilize the markets.  All impairments affects the market is some manner somewhere.  We broke an important technical support on Friday so it looks to be a choppy week.

News:

“Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

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Taking issue with George Soros’ support of the bailout bill

October 3, 2008 by · Leave a Comment
Filed under: Opinion 

This is post is in response to the interview with George Soros on National Public Radio (NPR) this morning on support of the now passed bailout bill. In his interview he mentions the real problem and the solution hurts the people who actually do the right thing to move up the ladder in America. He even states that the bailout won’t fix the underlying problem which is the real estate market, employment and in my opinion middle class jobs in specific and the lack of savings in his assertion that the credit markets are in chaos. What this highlights is that we are dependent on credit in our country with an average negative savings rate and a trade imbalance that is not in favor of the U.S. which in short means we do not export enough compared to what we import and consume.

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