George Soros sees a Stop-Go Economy Ahead
| July 5th, 2009 | ||
| George Soros, one of the most successful hedge fund investors with $1.1 billion in earnings last year, recently predicted that fear of inflation from the economic stimulus will choke off any recovery by causing interest rates to go up. An article from Reuters on June 30th explained that Mr. Soros believed that the cost of capital is the “major headwind in the economy.” The article points to a rise in U.S. Treasury yields that has caused a spike in mortgage rates, threatening the housing market by extension. Mr. Soros also spoke against government regulators, claiming that “The regulators will always be wrong…they should interfere as little as possible.” He believes that regulatory efforts have led to a “super bubble” over the past 25 years. | ||
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