Billionaire investor George Soros discusses the state of the European Union, China’s economic slowdown, Fed monetary policy and the 2016 U.S. presidential election with Bloomberg’s Francine Lacqua at the World Economic Forum in Davos. (Source: Bloomberg). This interview was one of our favorite ever – George Soros was extremely blunt and nearly everything he said was insightful (whether right wrong or in between) Bloomberg TV was kind enough to send us the transcript. Read the entire thing below.
George Soros Talks EU, China, Fed And Donald Trump
China's 'Bumpy' Road Ahead: Markets Prepared?
Billionaire investor George Soros said China?s economy is headed for a hard landing, a slump that will worsen global deflationary pressures, drag down stocks and boost U.S. government bonds. Business and political leaders attending the World Economic Forum in Davos, Switzerland, each have their own opinion where the nation is headed.
Soros: QE Worked, Fed Rate Increase Would Be Surprising
Billionaire investor George Soros comments on Federal Reserve monetary policy during an interview with Bloomberg's Francine Lacqua at the World Economic Forum in Davos. (Source: Bloomberg)
Soros: The EU Is Falling Apart, Greece Is Still a Problem
Billionaire investor George Soros comments on the state of the European Union during an interview with Bloomberg's Francine Lacqua at the World Economic Forum in Davos. (Source: Bloomberg)
Soros: China Hard Landing Is Practically Unavoidable
Billionaire investor George Soros comments on China's economic downturn during an interview with Bloomberg's Francine Lacqua at the World Economic Forum in Davos. (Source: Bloomberg)
INTERVIEW TRANSCRIPT: George Soros
Bloomberg Television’s Francine Lacqua Interviews George Soros in Front of a Live Audience in Davos
(Thursday, 21st January 2016)
FRANCINE LACQUA, BLOOMBERG TELEVISION: George Soros, thank you so much.
Thank you, all of you of being here tonight.
The talk in Davos is a lot about market turmoil, but it's also about the Fourth Revolution when we talk about China.
Overall, would you describe the mood, Mr. Soros, amongst Davos participants as too optimistic about the future?
George Soros, Financier: Well, I have -- I haven't really talked to anybody so I can't -- I really can't say. I'll find out from the reaction of the audience.
LACQUA: We looked, of course, at certain points together over the past years and one thing that has struck me through the many years that we've talked to you is, of course, your sense of justice.
Now, when you look at your friendship with Mr. Chambo, you haven't seen eye-to-eye in the last couple of years in how to deal with Greece, in, of course, what Europe's future should be. But this year, we were quite pleased by the fact that Mr. Chambo was talking about some kind of Marshall Plan, something that you've put forward for a long time.
George Soros: Well, frankly, I read about it half an hour before coming here and I was stunned. It happened but I only found out a half an hour ago.
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