apa artinya?? On Wed, Jul 1, 2009 at 4:26 PM, dunia ini indah <pusatdu...@yahoo.com>wrote:
> > > > > Soros predicts "stop-go" economy and higher rates > > NEW YORK (Reuters) - Billionaire investor George Soros on Tuesday predicted > a "stop-go" economy for the United States, saying fears of inflation will > drive up interest rates and choke off growth. > > Soros, one of the world's most successful hedge fund managers who was > speaking at a breakfast hosted by the Wall Street Journal, said borrowing > costs are the major headwinds for the economy. > > "As markets revive, fear of inflation will drive up interest rates, which > will choke off recovery," he said. > > Rising U.S. Treasury yields have driven mortgage rates back up, threatening > a recovery in the housing market and a refinancing boom that has helped > preserve the still-fragile health of recession-weary households and the > banks that lend to them. > > The rise in bond yields and mortgage rates may also act to check the huge > recent rally in global stock markets of the past three months, with the > Federal Reserve trying to end an 18-month recession and yet not spur > inflation. > > Soros went back into retirement earlier this year after leading his > self-named firm through the 2008 crisis. He made about $1.1 billion last > year, according to Institutional Investor's Alpha Magazine. > > SOROS ON 'SUPER BUBBLE' > > Soros, who made his fortune targeting currencies in tightly controlled > markets, said international financial markets need global regulation, even > while being critical of regulators and calling for minimal government > intervention. > > "The idea of self-correcting markets is a misconception," he said. What > governments need to do, he said, is recognize they cannot prevent bubbles > but instead try to control them from getting bigger. > > "You cannot prevent bubbles from forming but prevent them from > self-reinforcement," Soros said. > > Soros, who has retired from active fund management, acknowledged that > getting regulation right is not easy as he argued both for and against > stricter supervision. > > "The regulators will always be wrong," he said. "They should interfere as > little as possible." > > Regulators, he said, typically try to control money supply and then let > free markets take care of everything else, but that is a fallacy. > > By the same token, Soros said that efforts by regulators and governments to > stop bubbles bursting for more than 25 years gave rise to the most recent > "super bubble." > > Soros cautioned that the U.S. government may be making some serious > missteps in dealing with the current credit crunch and recession. Massive > stimulus spending and bank bailouts have pumped up the U.S. government's own > balance sheet. > > He also warned that while the worst of the 2008 crisis is past, investors > do not appear to have learned their lesson. > > "People want to pretend the crisis never happened," he said. "They want to > go back to business as usual." > > >
