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Message: Worst Financial Crisis since Great Depression - G. Soros

Worst Financial Crisis since Great Depression - G. Soros

posted on Apr 04, 2008 02:18PM
George Soros Sees Additional Market Declines After Reprieve


(excerpt)
 April 3 (Bloomberg) -- Billionaire George Soros called the current financial crisis the
worst since the Great Depression and said markets will fall more this year after a brief
rebound.

``We had a good bottom,'' Soros said yesterday in an interview in New York, referring to
the rally in stocks and the dollar after JPMorgan Chase & Co. agreed to buy Bear Stearns
Cos. on March 17. ``This will probably not prove to be the final bottom,'' he said,
adding the rebound may last six weeks to three months as the U.S. moves closer to a
recession.

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