Back in January 2006, in an interview with the Singapore Institute of International Affairs, Mr George Soros predicted the coming of financial recession due to housing bubble happening in the US. Back then Mr Soros believed that the housing bubble was about to burst and a fall in the value of US Families Homes would be a reality.
Evidence of the interview is showin in the links below:-
http://webarchive1.richdad.com/Forum/forum.aspx?g=posts&t=196697
http://www.cfo.com/blogs/index.cfm/l_detail/5380259
Back in January 2006, the Dow Jones was around mid 10,000 points. Of course, it subsequently went for a bull run reaching 14,000 before crashing into abyss.
In January 2012, Mr Soros again made his prediction in his interview at Azim Premji University in Bangalore. He predicted that the global economy would face a 'potential meltdown' as a result of Euro zone crisis. Link as below:-
http://indiatoday.intoday.in/story/george-soros-predicts-economic-meltdown-worse-than-2008/1/168104.html
There may be time lag between his predictions and the occurence of the event. Would you believe him?
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