Soros varuje pred financnou krizou
Najvacsia svetova financna kriza od cias 2. svetovej vojny moze byt uz celkom blizko, upozornuje miliardar G. Soros.
Billionaire investor George Soros said the world was facing the worst financial crisis since World War II and faced the end of a 60-year 'super boom'.
He warns the current financial crisis resembles other crises since the end of the second world war at intervals ranging from four to 10 years.
But he added: 'There is a profound difference: the current crisis marks the end of an era of credit expansion based on the dollar as the international reserve currency.
'The periodic crises were part of a larger boom-bust process. The current crisis is the culmination of a super-boom that has lasted for more than 60 years.'
He says each time credit expansion ran into trouble authorities intervened to stimulate the economy.
This 'moral hazard' encouraged more borrowing and expansion and led to widespread belief in 'market fundamentalism' in the Eighties - 'regulations have been progressively relaxed until they have practically disappeared'.
Zdroj: www.thisismoney.co.uk
03.04.2008