Professor Elam

George Soros has little use for George Bush, but Soro makes lots of money trading markets.  In this article Soros explains why this crisis could be worse than previous ones. In class yesterday I mentioned that the FED cannot lower rates a lot further without going to zero.  And, how long will foreign investors want to hold US Debt denominated in dollars with ever falling interest rates?  As he says at some point those investors will demand a higher rate of interest for their risk taking, where that point is no one knows.