Monday, January 09, 2006

Soros expects U.S. recession in 2007

WASHINGTON (MarketWatch) - Financier George Soros said interest rate over-shooting by Federal Reserve policymakers would push the U.S. economy into a recession in 2007, according to news reports.
Keep in mind this is the same guy that thinks America is a terrorist country, socialism is wonderful, and Bush is, well,.....fill in whatever invective you choose. For a guy worth billions, it certainly proves the adage that just because a person is filthy rich doesn't mean they're smart.



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