George Soros, testifying on hedge funds today, told a house oversight committee that we can expect a deep recession, and quite probably a depression sometime next year.
He allowed in his opening statement that he figures hedge funds to devalue by 50-75% before it is all over with.
Zowee! Well, so much for that vacation cottage in Gstaad!
He is plutocraticly rich and cosmicly smart and predicted all this mess we are in today years ago, which convinced me then that, if he says we may have a depression, better put Borsalino on danger money for a new felt fedora!!
