Predictions through 5/16/08

By on May 16, 2008

On May 13th, in USA Today, George Soros indicated where we are right now can be likened to a man who falls off the Empire State building and thinks to himself halfway down: “So far, so good.” “That’s where we are right now,” Soros laughs. Soros also felt the U. S. government’s stimulus efforts would be insufficient to stir a recovery.

On May 16th, Goldman Sachs predicts that the price for a barrel of oil will reach $141 in the second half of the year.

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