George Soros Says Financial Crisis Entering Act Two

Filed under: International Markets, Forecasts, Market Matters, Personal Finance, Financial Crisis

George Soros plays the bear much more often than the bull. In a dramatic statement at a conference in Vienna, he said: "We have just entered Act II" of the crisis Again in dramatic fashion he states: ""The collapse of the financial system as we know it is real and the crisis is far from over." "Indeed we've just entered Act II of the drama."



What does Soros see that makes him so bearish? For one thing he believes that the financial crisis in Europe will worsen and attempts to cut budget deficits will push the global economy back into a recession.

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George Soros Says Financial Crisis Entering Act Two originally appeared on BloggingStocks on Fri, 11 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

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