Soros sees no bottom for world financial collapse | Reuters
"It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom." His {Soros}comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.
Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain.
"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniforml
How do you evaluate this stuff? And why do they say this things? It will only make it worse, won't it?
"It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom." His {Soros}comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.
Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain.
"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniforml
How do you evaluate this stuff? And why do they say this things? It will only make it worse, won't it?