[Vision2020] George Soros on The Recession

[Chasuk]

http://www.ft.com/cms/s/0/24f73610-c91e-11dc-9807-000077b07658.html

Here is a quite interesting excerpt:

"Although a recession in the developed world is now more or less
inevitable, China, India and some of the oil-producing countries are
in a very strong countertrend. So, the current financial crisis is
less likely to cause a global recession than a radical realignment of
the global economy, with a relative decline of the US and the rise of
China and other countries in the developing world.

The danger is that the resulting political tensions, including US
protectionism, may disrupt the global economy and plunge the world
into recession or worse."

Chas