Wednesday, August 17, 2011
Posted
8:05 PM
by Gene
From an interview with George Soros, somewhat removed from financing figurative bomb-throwers:
SPIEGEL: The United States is drowning in even more debt than Europeans. Its economic recovery has been painful. Are we going to see a double-dip recession in the US?
Soros: The indebtedness of the US is not all that high, but if a double-dip recession was in doubt a few weeks ago, it is less in doubt now, because financial markets have a very safe way of predicting the future. They cause it.
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