George Soros Posts
Just wanted to let you know that you might want to look at the following two posts about “crash prophet” George Soros on our sister blog, Investorazzi.com:
“George Soros Warns Of Financial Crisis, Wealth Destruction” from May 15
The days of rapid financial wealth creation are over. We’re now in a period of wealth destruction. It is going to be very hard to preserve your wealth in these circumstances.
“George Soros Predicts More Economic Pain Ahead” from May 13
But despite Soros’ apocalyptic rhetoric, the Dow is hovering near 13,000 and unemployment is a relatively low 5%. Soros explains the disconnect with the tale of the man who falls off the Empire State building and thinks to himself halfway down: “So far, so good.”
“That’s where we are right now,” Soros laughs.
Sorry, George. Somehow, I just can’t seem to laugh…
May 21st, 2008 at 7:31 am
Unfortunately, unemployment doesn’t count those who are not collecting money. The statistics allege they are “not looking” after that time, which is a gross lie. I went 2 years looking, but was only counted for 6 months of that. No way I’m unique. Guaranteed they don’t really report unemployment.
May 21st, 2008 at 10:05 am
Thanks for the comment Scorpio. Like inflation, it only makes sense the U.S. government would want to fudge this. All is well, right?