MarketWatch.com - Pre-Market Indications

Friday, April 11, 2008

Soros sounds the alarm again on world economy

George Soros will not go quietly.

At the age of 77, Soros, one the world's most successful investors and richest men, leapt out of retirement last summer to safeguard his fortune and legacy. Alarmed by the unfolding crisis in the financial markets, he once again began trading for his giant hedge fund — and won big while so many others lost.

Soros has always been a controversial figure. But he is becoming more so with a new, dire forecast for the world economy. Last week he rushed out a book, his 10th, warning that the financial pain has only just begun.

"I consider this the biggest financial crisis of my lifetime," Soros said during an interview Monday in his office overlooking Central Park. A "superbubble" that has been swelling for a quarter of a century is finally bursting, he said.


Soros sounds the alarm again on world economy

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