George Soros predicts more sorrow (heh) for the US economy.
He also foresees a time when the US dollar won't be the dominant currency and that it will be a lot harder to borrow money.
I'd like to draw your attention to Mr Soro's market theory, called "reflexivity" in which:
"... people’s biases and actions can affect the direction of the underlying economy, undermining the conventional theory that markets tend toward some sort of equilibrium. (implied: there's no such thing as equilibrium, everything is flux.)Mr. Soros said all aspects of his life — finance, philanthropy, even politics — are driven by reflexivity, which has to do with the feedback loop between people’s understanding of reality and their own actions."
To understand and to take action based on one's accurate assessment of present reality - sounds like a Buddhist tenet of seeing the true Reality of things.
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