Enter your email address:

Wednesday, November 17, 2010

George Soros : US and China both right in QE2 debate

Billionaire George Soros was quoted by a Norwegian newspaper Dagens Naeringsliv as saying that The United States and China both have valid points in their discussions over the US Federal Reserve’s latest bout of quantitative easing,. ‘Both sides are right in this case,’ Soros was quoted as saying . The Norwegian daily Dagens Naeringsliv talked with Soros after he met Norway’s trade minister in New York on Nov 12.

No comments:

Post a Comment


Popular Posts

George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.