Saturday, January 16, 2010

Why Minds Like Soros, Shiller Fear Wealth Destruction

A wide range of luminaries from hedge fund legend George Soros to Yale economist Robert Shiller see grave economic danger ahead.

MarketWatch.com put together a list of their bearish thoughts, and here is what three of them had to say.

Soros says we’ve just finished 25 years of excess.

“The system is broken,” he wrote in his book “The New Paradigm for Financial Markets.” (more)

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