Tuesday, October 12, 2010

"Soros: I Can’t Stop a Republican ‘Avalanche'" and "Slowdown Coming in 2011"

Mother: .....And remember, the Lord loves a working man.
Navin: ........Lord loves a working man.
Father: ......And son, don't never, ever trust whitey.
-The Jerk (1979)
I've used the above dialogue in posts about G.E. and Goldman. In three weeks I'll be using it in posts about folks with an R next to their name. As one of my mentors used to say "Red, Green, Blue or %$#@! chartreuse, we'll take 'em all deep"
From the New York Times' The Caucus blog:
George Soros, the billionaire financier who was an energetic Democratic donor in the last several election cycles but is sitting  this one out, is not feeling optimistic about Democratic prospects.

“I made an exception getting involved in 2004,” Mr. Soros, 80, said in a brief interview Friday at a forum sponsored by the Bretton Woods Committee, which promotes understanding of the International Monetary Fund and the World Bank.

“And since I didn’t succeed in 2004, I remained engaged in 2006 and 2008. But I’m basically not a party man. I’d just been forced into that situation by what I considered the excesses of the Bush administration.”...
And via Pragmatic Capitalist:
George Soros, one of the few investment gurus who actually predicted the credit crisis, now believes the global economy is at substantial risk of a downturn in 2011. Soros believes the stagnant economy will result in continued low employment, but an increase in corporate M&A.  Soros also discusses the China FX situation as well as the Euro crisis. As always, his comments are must see...Video