måndag 14 april 2008

George Soros Sees a Superbubble - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

George Soros Sees a Superbubble - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "At the age of 77, Mr. Soros, one the world’s most successful investors and richest men, leapt out of retirement last summer to safeguard his fortune and legacy. Alarmed by the unfolding crisis in the financial markets, he once again began trading for his giant hedge fund — and won big while so many others lost.

Helge: He is coming back at the age of 77.

Mr. Soros has always been a controversial figure. But he is becoming more so with a new, dire forecast for the world economy. Last week he rushed out a book, his 10th, warning that the financial pain has only just begun.

Helge: Writing and visioning...Now foreseeing a "superbubble".

“I consider this the biggest financial crisis of my lifetime,” Mr. Soros told The New York Times during an interview Monday in his office overlooking Central Park. A “superbubble” that has been swelling for a quarter of a century is finally bursting, he said.

Helge: That's quite a statement. How deep are we going to dive?

Mr. Soros, whose daring, controversial trades came to symbolize global capitalism in the 1990s, is now busy promoting his book, “The New Paradigm for Financial Markets,” which goes on sale next month. And yet this is not the first time that Mr. Soros has prophesied doom. In 1998, he published a book predicting a global economic collapse that never came."

Helge: Let's hope Soros is wrong. Maybe we can survive. The housing prices in USA have an decisive effect on the outcome...

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