This little gem from George Soros.

Billionaire investor George Soros said on Monday he thinks the U.S. Federal Reserve's monetary tightening could tip the economy into recession in 2007 and he expects a sharp dollar decline.

Soros said he expects the federal funds rate, now at 4.25 percent, to peak at 4.75 percent and that the Fed would try to achieve a soft landing for the economy.

Nevertheless, the Fed could overshoot, he told a seminar in Singapore.

"If housing continues to cool while rates are slowing then it could turn into a hard landing," Soros said.

"That's why I expect a recession to happen in 2007, not 2006."

Given his history of market manipulation for personal gain, I would not be surprised to see George Soros try the same thing on a larger scale here.
After all, timing such a recession in the manner Soros suggests would likely aid the Democrats in 2008. And who is a major source of pro-Democrat funds?

Why George Soros, of course.

Posted by: Greg at 10:44 AM | No Comments | Add Comment
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