Money manager George Soros dropped by the Chronicle Thursday afternoon to meet with the editorial board. Mostly, he was talking about his new book and politics, but I managed to squeeze in a few questions about business.
Soros said he believes a downturn in home prices from the now-punctured housing bubble will offset consumer spending within the next two years.
"It's already beginning to cast its shadow over the markets," he said. He applauded the Federal Reserve for holding off on more interest rate hikes. "That," he said, "may reduce the shock, but I think it's coming."
Read the complete blog
Soros said he believes a downturn in home prices from the now-punctured housing bubble will offset consumer spending within the next two years.
"It's already beginning to cast its shadow over the markets," he said. He applauded the Federal Reserve for holding off on more interest rate hikes. "That," he said, "may reduce the shock, but I think it's coming."
Read the complete blog
