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Soros thinks U.S. is far from recovery while it effectively ruins itself

April 7, 2009 - 3:30am | Analytics | News
Soros thinks U.S. is far from recovery while it effectively ruins itself

According to George Soros’ forecast the U.S. economy is not to recover in a short time with a possibility of a situation that could be observed in Japan, in other words a long period of low recovery. Speaking to Reuter Financial Television Soros stressed that the government’s efforts aimed at rescuing financial institutions could have unprogramed implications effectively turning them into “zombies” that would suck the lifeblood out of the economy instead of stimulating it.


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