Soros Forecasts 'Serious' US Economic Correction

Billionaire investor George Soros forecast on Monday that the U.S. economy is "on the verge of a very serious economic correction" after decades of overspending.

"We have borrowed an awful lot of money and now the bill is oming to us," he said during a lecture at the New York University, also adding that the war on terror "has thrown America out of the rails."

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