Soros is pretty much telling the truth here, the stock market bubble never fully crashed, it was just passed on to the housing market, where it was made even bigger and fueled more so by debt and Greenspan's horrifyingly awful inflationary monetary policy. -- KM


New York Times has an article on the famed hedge fund manager and his latest theory warning that the financial pain, triggered by the US sub-prime mortgage crisis, has only just begun. “I consider this the biggest financial crisis of my ...

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