Soros Says Worst Of Global Crisis Is "Behind Us."

[elleng]

Source: NYT/Reuters

The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets.

"Decidedly the worst (of the crisis) is already behind us," said Soros, a 78-year-old Hungarian-born American with Jewish roots.



Read more: http://nytimes.com/reuters/2009/06/21/business/business-us-poland-soros.html

[Warpy]

1. Wishful thinking?

He needs to realize that unless there is some real help at the bottom, the fortunes of the top will continue to be stagnant.

Maybe he's OK with this. I'm not.

[Merlot]

2. Whew! I feel better now!

I know Soros is a smart guy, but I really can't take much comfort in his words. The worst may be over for the banks , corporations, conglomerates etc, but the effects will be fetl for a long time by the average person.

[Odin2005]

3. Translation: he's trying to get suckers into the market so he can sacrifice them to his hedge fund.

Always be aware that anything Soros says is liable to be for market manipulation purposes.

[winyanstaz]

4. Yah, easy for him to say.

[robcon]

5. It's called front-running on Wall Street.

Urging others to buy his story so he can cash in on what he owns.

The same was true when he predicted a long term disaster for the world economies in April. Front running is his style.
http://www.huffingtonpost.com/charlie-rose/my-conversation-with-geor_b_96248.html

[Zhade]

19. Why should anyone listen to an avowed conservative like you?

We know conservatives are usually bald-faced liars.

[GoesTo11]

6. Why is Soros such an enemy of progressive causes?

Just loves business and money, I guess.

[elleng]

16. He is NOT an enemy.

He supports more progressive causes than most, WITH REAL CASH. A lot of foolishness and ignorance going on from 'progressives,' imo.

'founder and chairman of a network of foundations that promote, among other things, the creation of open, democratic societies based upon the rule of law, market economies, transparent and accountable governance, freedom of the press, and respect for human rights.'

http://www.soros.org/about/bios/a_soros

[rosesaylavee]

24. I agree. Thanks for posting!

:hi:

[elleng]

25. U R Welcome.

Facts are important, imo!

[rosesaylavee]

26. The RW hates him - and as you can see from

this thread, their pack of lies and disinformation has spread successfully. Soros does a lot behind the scenes but his open support of Kerry in 2004 and his vow to bring down the Bush Administration certainly has made him a target. I personally am impressed by this man and his work with the Open Society orgs he has founded. Very impressed. Would that we had more like him.

[elleng]

27. Indeed.

Friends of mine have worked on his projects.

Doesn't take MUCH to perpetuate rumors, eh?

[rosesaylavee]

31. Tell your friends to hire me.

I would love to work for him. Minds like his are rare.

[AnneD]

35. I have a short list of businessmen I respect...

George Soros, Warren Buffett, Jim Rogers, and the CEO of Costco. On the whole they are decent businessman and have as my grand pa was fond of saying "moral fiber". Nothing wrong with making money, but it's more important how you use the money you've earned. Noblesse oblige is not a quaint old idea.

I always suspect there is envy and jealousy when it comes to Soros and anti semitism is not too far behind. I don't presume to judge, I just look at the fruit.

[Regret My New Name]

30. We talking about the same Soros?

[Joanne98]

7. Maybe for the billionaires. We're still fucked!

[robcon]

8. Soros doesn't care about "the billionaires."

He cares for only one billionaire - himself.

[dysfunctional press]

33. fucked up the Ass! i guess the worst of it IS behind us.

maybe that's what he was referring to.

[Zenlitened]

9. Why did Reuters feel the need to inform us, in paragraph 2...

... that Soros has "Jewish roots"???

:shrug:

This is a rhetorical question, I suppose. It just really jumped out at me, as a former reporter and editor. And someone who is easily "poutraged" over perceived hints of bigotry, or so I've been told. :eyes:

[rosesaylavee]

10. I thought that was odd too.

Not sure what it means either. Could be Reuters has fired all the people who could write and edit leaving all the interns to fend for themselves.

[tishaLA]

12. It is very odd. Maybe they can go with the Fox narrative next time

and say that he turned on fellow Jews to survive Shoah.

[JerseygirlCT]

42. Can you imagine: Warrent Buffet, who has Scandanavian roots...

Yeah, I couldn't either.

[rosesaylavee]

11. I know some on this thread truly dislike Soros... however

from what I have read of his biography, he IS aware of what the average person is going thru and has done much to further democracy thru his programs than seems to be known or appreciated here. Krugman said much the same thing a week or so ago.

I think Soros is pretty savvy. I also think he has made enough money for himself or else he wouldn't be so keen to give so much of it away. He gave away millions to help Kerry in 2004 and made himself quite a few enemies in the GOP.

If I were a cynical person, I would perhaps think the 'jewish roots' comment had something to do with tapping into the hyped anti-semitic fear of jews and money control. Especially as the man is not a practicing or Orthodox Jew. Hmmmmm.

[ConcernedCanuk]

13. Soros is full of shit - - GLOBAL economic crisis is far from "behind us"

.
.
.

It might be behind George Soros, because maybe like another "George" we know - -

his head is up "behind him" where the sun don't shine . . .

and don't give a shit about the poor guy

hmmmmmm


:freak:

[UrbScotty]

14. I sure hope so

[aquart]

15. How did a man so completely hated by Republicans get on a Dem shitlist?

Let me guess: He supported Hillary instead of Obama?

[elleng]

17. Ignorant Dems.

http://www.soros.org/about/bios/a_soros

[scarletwoman]

18. Just because someone is demonized by the right wing nutballs doesn't mean they're a good guy.

I wouldn't trust him any farther than I can throw a Brinks truck. He didn't become a billionaire by being straight-arrow and virtuous.

sw

[elleng]

21. Maybe by being smart?

and,

http://www.soros.org/about/bios/a_soros

[scarletwoman]

22. No, by being a disaster capitalist. nt

[rosesaylavee]

23. I agree but

he has done more for bringing democracy to the commununist block countries than any other person. It wasn't Raygun who brought down that wall - which we all knew of course. Soros had a lot to do with it. I especially like the incident where he donated copiers to his former country of Hungary thru his Open Society org and they were then able to self-publish literature that was forbidden by the then communist leaders. Information was key for the resistance to organize and spread the word.

Yes, he made his money by breaking the bank of England - but he has given millions and maybe billions away to improve the lots of the average Joe. One of my favorite biographies: Soros - the Life and Times of a Messianic Billionaire.

[scarletwoman]

38. Democracy, or "Free Market" disaster capitalism?

Sorry, no billionaire capitalist is ever going to be a hero of mine.

sw

[scheming daemons]

20. How, exactly, are his "jewish roots" relevant?

Reuters slipped a little anti-semitism in there, didn't they?

[Zynx]

36. What's a little bit of anti-semitism between friends?

I agree, that part of the article smelled.

[Delphinus]

28. I wonder what drugs he's taking.

Maybe he should share. It doesn't look like it's over in my part of the world.

[Vidar]

29. If I had several billion dollars, I would feel hopeful too.

[Blue_Tires]

32. for him, maybe....

[superconnected]

34. For get it - I don't agree with what he is saying in the article.

[ShortnFiery]

37. I don't believe this for one fleeting moment. Bookmarking. nt.

[fascisthunter]

39. there is no "us" with Soros

that's why I find this whole statement to be ironic as hell.

[and-justice-for-all]

40. Well he got his, so the worst is over....

for him.

[Mari333]

41. omg he doesnt live in Michigan. nt