Soros on the Global Economy

Sorry to be posting all this gloomy economic news. I believe that its important to have some sense of the economic winds in order to understand political shifts as well. Its all interconnected.

BBC: Soros warns global boom is over

...the "acute phase" of the credit crunch may be over but effects on the real economy are yet to be felt.

He predicted a "more severe and longer" US slowdown than most people expect.

...oil and other commodities are over-priced, but he sees little chance of the price of oil coming down until there is a big slowdown in the richer economies.