George Soros Expects a Double Dip Recession To Follow 2010 or 2011

George Soros says he expects a double dip recession to follow 2010 or 2011. George Soros said the global economy may run out of steam.

Earlier this month, George Soros said that US will be "drag" on global economy. Soros also added that the US dollar should be allowed to fall to allow the US to adjust its current account deficit.

George Soros said if the dollar is managed properly, it can continue to be the preferred reserve currency.

George Soros has made his mark as an enormously successful speculator. The bulk of his enormous winnings is now devoted to encouraging transitional and emerging nations to become 'open societies,' open not only in the sense of freedom of commerce but—more important—tolerant of new ideas and different modes of thinking and behavior.

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