Soros: Current Crisis is Worst Since Great Depression
India Infoline News Service
Thursday, April 3, 2008
The billionaire investor says that global equity markets will fall more this year after a brief rebound and that the credit crunch is probably far from over
The current financial crisis across the world is the worst since the Great Depression and the credit crunch is probably far from over, according to billionaire investor George Soros. He also says that global equity markets will fall more this year after a brief rebound.
The markets have hit a significant but temporary bottom, Soros was quoted as saying by a leading US business channel. “I don’t think we are halfway through the fallout, because to think what happens in the financial markets doesn’t affect the real economy is nonsense,” Soros said.
Filed under: General, The Failing Economy | Tagged: Ben Bernake, crash, depression, dollar, FED, federal reserve, financial, gold, government, monetary policy, money, News, politics, recession, The Failing Economy, value
