This is an interesting interview by George Soros, billionaire investor. He says that the United States is already in a double dip recession and explains why.
He also discusses Europe and the risks posed by Greece to the Eurozone. He also talks about the effect a ‘disorderly’ default will have on emerging economies and the world economy at large.
My most interesting takeaway from this is something I have written about before however: the Democratic and Republican parties pose radically different visions of the future and it will come down to the electorate choosing which direction they want to go in.
Until then, deadlock and political uncertainty will be the order of the day. If we can just tread water economically until November 2012, we will have come out ahead.
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