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Industry: Email Alert RSS FeedSoros says U.S. lacks clout to halt a global crisis.
Investment News, November, 2000 by Miller, Rick
He holds hard landing here could hurt all If the next global financial crisis should strike soon, George Soros says, the United States might be too weak economically to help pull the world back from a recession. "In my opinion, we are now in a weaker situation to withstand a new storm of any kind," said Mr.
Soros, the billionaire hedge fund king and philanthropist who spoke last Monday in Chicago. Mr. Soros, who is promoting his latest book, "Open Society: Reforming Global Capitalism," told an audience at the Chicago Council on Foreign Relations that globalization which he defines as the free movement of capital from country to county -- means the world economy is more prone to crises. He listed as examples the international debt crisis in...
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