No Big Deal but George Soros Thinks the World Economy Might Collapse
No big news yesterday, nothing to worry about, just one of the world's most successful investors warning that the developed world's economy is falling into a "deflationary debt trap" and "ON THE BRINK OF COLLAPSE" AAAAAGGGHHHHH:
The current global financial system is in a "self-reinforcing process of disintegration," Mr. Soros warned, and "the consequences could be quite disastrous. You have to do what you can to stop it developing in that direction."
Everyone should feel free to ignore him, though, because George Soros is left wing. Stop trying to scare us, Jane Fonda! If you need me, I'll be out investing in a Chinese jewelry firm.
