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Soros Interview & Criza datoriilor in cifre

August 16th, 2011 Categories: Uncategorized

Am gasit in Der Spiegel doua materiale foarte interesante: un interviu cu George Soros si un material cu 18 slide-uri despre criza datoriilor suverane. Va invit sa le studiati!

The Most Important Facts about the Global Debt Crisis

Cele mai interesante aspecte ale interviului cu G. Soros:

  • SPIEGEL: The United States is drowning in even more debt than Europeans. Its economic recovery has been painful. Are we going to see a double-dip recession in the US?
    Soros: The indebtedness of the US is not all that high, but if a double-dip recession was in doubt a few weeks ago, it is less in doubt now, because financial markets have a very safe way of predicting the future. They cause it. And the markets have decided that America is going to see a recession, particularly after the recent downgrade of the US by the rating agency Standard & Poor’s.
  • SPIEGEL: Obama tried to stimulate growth with a gigantic stimulus program which increased the national debt further. Was that a mistake?
    Soros: Obama embraced the ideas of John Maynard Keynes. Basically, the analysis of Keynes is still very relevant – with one big difference between now and the 1930s. In the 1930s, governments had practically no debt and could therefore run deficits. Nowadays, all governments are heavily indebted, and that is a big change.
    SPIEGEL: If Keynes were still alive, would he adjust his theory?
    Soros: Definitely. He would say governments can still benefit from running fiscal deficits, but the new debt has to be invested in a way that will pay for itself. So the money spent would have to increase productivity.
  • SPIEGEL: And any further stimulus is now basically a non-starter, because the conservative majority in Congress is hell-bent on preventing it.
    Soros: That is what is pushing the world towards another recession, into a double dip.
  • SPIEGEL: As an investor, would you still bet on the euro?
    Soros: I certainly would not short the euro because China has an interest in having an alternative to the dollar. You can count on China to back the efforts of the European authorities to maintain the euro.
    SPIEGEL: Is that the reason why the euro is still so strong compared to the dollar?
    Soros: Yes. There is a mysterious buyer that keeps propping up the euro.
    SPIEGEL: And it is not you.
    Soros: It is not me (laughs).
  • SPIEGEL: In the end, will China be the only winner in this crisis?
    Soros: China, of course, has been the great winner of globalization, and if globalization collapses, the Chinese will also be among the losers. So they have a strong interest in preserving the current global system. However, in some ways, they have been just as reluctant to accept it as the Germans. Germans have been hesitant to accept responsibility for Europe, and the Chinese have been hesitant to accept responsibility for the world. But they are both being pushed into it.
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2 Responses to “Soros Interview & Criza datoriilor in cifre”

  1. August 16th, 2011 at 11:04
    1

    Soros: Yes. There is a mysterious buyer that keeps propping up the euro.
    SPIEGEL: And it is not you.
    Soros: It is not me (laughs).

    e bine, m-am linistit… aveam o grija ;)

    • August 16th, 2011 at 11:05
      2

      “financial markets have a very safe way of predicting the future. They cause it.”

      sa nu uitam ca dl. Soros a studiat si ceva filozofie la viata sa ;)

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