“We are at an inflection point. After the expiration of the three months’ window, the markets will continue to demand more but the authorities will not be able to meet their demands,” he warned in a speech at the Festival of Economics in Trento, Italy.
The European Union is “like a bubble” – not a financial bubble but a political bubble -- that could pop as a result of the euro -zone crisis, Soros said.
Not a big Soros fan here, but he does know international markets and politics. Could be a rough ride in the markets this summer with all that is going on. Fasten your seat belts! $$$
On another note, Bernanke is warning Congress again about the Debt and looming fiscal Armageddon. Ho Hum.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
“We are at an inflection point. After the expiration of the three months’ window, the markets will continue to demand more but the authorities will not be able to meet their demands,” he warned in a speech at the Festival of Economics in Trento, Italy.
The European Union is “like a bubble” – not a financial bubble but a political bubble -- that could pop as a result of the euro -zone crisis, Soros said.
Not a big Soros fan here, but he does know international markets and politics. Could be a rough ride in the markets this summer with all that is going on. Fasten your seat belts! $$$
On another note, Bernanke is warning Congress again about the Debt and looming fiscal Armageddon. Ho Hum.
And Soros will make out like a bandit no matter what happens to the markets, the Euro-Zone or the United States economy. Leftist Capitalism.
I imagine Soros already shorted the Euro and bought gold before he gave the speech. I think he closed his hedge fund recently too, probably to escape Obama's regulators and millionaire taxes.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
