Eugene David
...The One-Minute Pundit

Wednesday, August 17, 2011

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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