Soros Sees 2011 Global Slowdown; Optimistic on Greece (CNBC Video)
10/12/2010 12:47:00 AM | via @Dvolatility |
In a CNBC interview with Maria Bartiromo, George Soros (Soros Fund Management) warned about the risk of a second global economic slowdown in 2011. His view is that politics against further stimulus will exacerbate the problem. Soros was optimistic on Greece though. He believes corporations building liquidity from profit growth will just bid for other companies instead of hire employees. China and currency wars were also mentioned. A few days ago I posted his view on Treasuries. Video after the jump.