Predictions

EIM’s Busson Says Short Ban, Lehman Collapse Made Crisis Worse

Filed under Hedge funds, Predictions
October 9, 2008 8:40 pm

 Arpad “Arki” Busson, chairman of hedge-fund firm EIM SA, said limits on short sales of stocks and a freeze of investment accounts at bankrupt Lehman Brothers Holdings Inc. exacerbated the ... Read more »

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Basic Element Sees `No Bottom’ to Credit Crisis

Filed under Oleg Deripaska - Basic element, Predictions
October 5, 2008 7:37 pm

Basic Element, the investment group of Russia’s richest man Oleg Deripaska, has stopped hiring staff as it sees “no bottom” to the credit-market turmoil, said Chief Executive Officer Gulzhan Moldazhanova.The ... Read more »

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Warren Buffett: I Haven’t Seen As Much Economic Fear In My Adult Lifetime -

Filed under Warren Buffett - Berkshire Hathaway, Predictions, Interviews
October 2, 2008 9:33 am

Billionaire Warren Buffett, the world’s preeminent stock picker, said the U.S. economy is “flat on the floor” after a cardiac arrest as companies struggle to secure funding and unemployment increases.“In ... Read more »

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Billionaire Eli Broad on the Bailout

Filed under Eli Broad, Predictions, Interviews
September 27, 2008 3:13 pm

BusinessWeek  spoke with Broad, who made his fortune in real estate and insurance, largely through holdings in American International Group about the $700 billion Wall Street bailout and where he ... Read more »

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Treasury Will Make a Profit On Bailout: Pimco’s Gross

Filed under Predictions, Bill Gross - Pimco
September 24, 2008 7:14 pm

Bill Gross, co-chief investment officer of bond manager Pimco, said he believes that the Treasury Department will eventually make a profit on its purchase of toxic assets from Wall Street ... Read more »

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Paranoid’ Mall Baron Lowy Anticipated Slump, Now Fights Taxman

Filed under Profiles, Investigations & Law, Predictions, Frank Lowy - Westfield Group
September 23, 2008 8:45 pm

Billionaire Frank Lowy, Holocaust survivor, one-time Israeli commando and now the world’s biggest shopping mall landlord, raises his hand to his forehead to indicate a shrapnel scar hidden beneath a ... Read more »

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Ross: It’s About the Liquidity Mindset, Not Credit

Filed under Wilbur Ross - WL Ross, Predictions
September 22, 2008 8:09 pm

Today’s current crisis is not so much about credit as it is about liquidity, according to one billionaire investor.  “I think liquidity was more the issue. That was what was ... Read more »

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Thomas Barrack talks to CNBC about proposed financial bailout

Filed under Hedge funds, Thomas Barrack - Colony Capital, Predictions
7:50 pm

Making money during times of uncertainty, with Thomas Barrack, Colony Capital chairman & CEO, and CNBC’s Erin Burnett. http://www.cnbc.com/id/15840232?video=864030442

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Icahn: Danger Ahead for the US economy

Filed under Carl Icahn, Predictions
September 12, 2008 9:11 pm

“It ain’t over till it’s over,” Yogi Berra famously said, and Carl Icahn agrees. Unlike many of his Wall Street colleagues, the billionaire investor didn’t greet Uncle Sam’s bailout of ... Read more »

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Buffett expects government action on Fannie and Freddie

Filed under Warren Buffett - Berkshire Hathaway, Predictions
August 22, 2008 11:26 am

Warren Buffett said the U.S. economy is unlikely to improve before 2009, and that he expects the government to take action to support troubled mortgage financiers Fannie Mae and Freddie ... Read more »

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Li Ka-Shing Says `Worst Is Yet to Come’ in Global Economy Slump

Filed under Li Ka-shing - Hutchinson Whampoa, Predictions
August 21, 2008 8:16 pm

Hong Kong billionaire Li Ka-shing, who predicted China’s stock market bubble would burst, says the “worst is yet to come” from the global credit crunch.The crisis is turning Li “very ... Read more »

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Mittal bullish on steel outlook

Filed under Lakshmi Mittal - Mittal Steel, Predictions
July 30, 2008 7:51 pm

Supply constraints and strong demand would put a firm floor under prices and profits for the steel industry until at least 2011, Lakshmi Mittal forecast on Wednesday. Mr Mittal, the ... Read more »

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Mr Sunshine: China’s solar billionaire Shi Zhengrong

Filed under Profiles, Shi Zhengrong - Suntech, Predictions
July 25, 2008 10:41 am

Since founding Suntech Power - China’s largest photovoltaic manufacturer - in 2001, Shi has capitalised on a surge of environmentally driven demand in Germany, the US and elsewhere that has turned ... Read more »

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Grove Invokes Paranoia to Prove Only Electric Vehicles Survive

Filed under Predictions, Andy Grove - Intel
July 21, 2008 5:36 pm

 Andy Grove, the former head of Intel Corp., asked students in his Stanford University business school seminar last year to determine whether an electric car market could thrive in the ... Read more »

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Branson predicts “spectacular” airline casualties

Filed under Richard Branson - Virgin, Predictions
July 12, 2008 6:12 pm

There will be “spectacular casualties” in the airline industry over the next 12 months, billionaire Richard Branson, the owner of Britain’s No. 2 long-haul airline Virgin Atlantic, was quoted as ... Read more »

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Broad Says Economy in Worst Slump Since World War II

Filed under Eli Broad, Predictions
July 1, 2008 8:30 pm

Billionaire investor Eli Broad said the U.S. economy is in the worst recession since World War II and a recovery in the housing market is “several years” away.“This is worse ... Read more »

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Sam Zell on the Economy

Filed under Sam Zell, Predictions
June 28, 2008 2:19 pm

Billionaire Sam Zell, Equity Group Investments chairman discusses the economy and potential buyers of the Chicago Cubs. watch at CNBC here: http://www.cnbc.com/id/15840232?video=779979675

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Ask A Billionaire: David Azrieli

Filed under Predictions, David Azrieli
June 24, 2008 2:06 pm

 David Azrieli, a Polish-born developer, fled Europe during WWII for then Palestine, where he studied architecture at the Technion-Israel Institute of Technology.He moved to Montreal in 1954 and, after earning ... Read more »

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Soros, the Man Who Cries Wolf, Now Is Warning of a ‘Superbubble’

Filed under George Soros - Soros Fund Management, Predictions
June 22, 2008 5:21 pm

He has cried wolf many times, but this time George Soros says the beast is really upon us. Mr. Soros, the chairman of Soros Fund Management, is best-known as a ... Read more »

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Paulson Says Writedowns May Reach $1.3 Trillion

Filed under Hedge funds, Predictions, John Paulson - Paulson & Co.
June 18, 2008 12:49 pm

John Paulson, founder of hedge fund Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund’s $945 billion estimate.“We’re ... Read more »

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Arpud Busson Says Worst of Debt Crisis `Is Yet to Come

Filed under Predictions, Arpad Busson - EIM
June 5, 2008 8:19 pm

Arpad Busson, chairman of the $15 billion fund of hedge funds EIM SA, talks with Bloomberg’s Francine Lacqua in London about his efforts to raise funds for the charity Absolute Returns for Kids, the credit crisis and the transfer of wealth to the world’s poorest nations. read the rest published by Bloomberg here: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPABW_gVm5jI

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Ellison’s $50 Billion Sales Vow Points to Health Care

Filed under Larry Ellison - Oracle, Predictions
8:18 pm

 Oracle Corp. Chief Executive Officer Larry Ellison has spent $33.5 billion buying the software maker’s way into markets for telecommunications, retail and financial-services programs.To keep his promise to double sales ... Read more »

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Ross: Housing Issues Scarier Than High Oil Prices

Filed under Wilbur Ross - WL Ross, Predictions
May 28, 2008 3:18 pm

Billionaire Wilbur Ross says the nation’s housing situation is scarier than the oil-price crunch. “You saw those numbers that were reported yesterday, 16 percent down from the 2006 highs,” Ross ... Read more »

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Buffett sees “long, deep” U.S. recession

Filed under Warren Buffett - Berkshire Hathaway, Predictions
May 25, 2008 2:15 pm

The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published ... Read more »

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Soros Says Impact of Crisis on Economy Just Starting

Filed under George Soros - Soros Fund Management, Predictions
May 7, 2008 10:54 pm

Billionaire investor George Soros said the “acute phase” of the financial crisis is “largely behind us” even as the U.S. economy is only now starting to feel the effect.The damage ... Read more »

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Zell Sees Commercial Real Estate Investment Resurging

Filed under Sam Zell, Predictions
May 1, 2008 5:47 pm

Billionaire Sam Zell said institutional investors are beginning to return to the market for mortgage- backed securities that finance commercial real estate deals and new construction.“I believe the overall market ... Read more »

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Pickens Says Oil Prices May Rise to $150 by Year End

Filed under T. Boone Pickens - BP Capital, Predictions
April 29, 2008 6:03 pm

It can’t be easy to interview T. Boone Pickens. A self-made billionaire (though he admits he didn’t make his first billion till he was 70 years old), Pickens is sharp, ... Read more »

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Broad Says Home Prices May Drop Another 20%

Filed under Eli Broad, Predictions
April 28, 2008 8:34 pm

Eli Broad, a philanthropist and co- founder of KB Home, the fifth-largest U.S. homebuilder by revenue, said he expects home prices to drop another 20 percent.“I don’t think we’re anywhere ... Read more »

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Soros Says Commodity `Bubble’ Still in `Growth Phase’

Filed under George Soros - Soros Fund Management, Predictions
April 18, 2008 6:41 pm

Billionaire George Soros said the boom in commodities is still in a “growth phase” after prices for oil, wheat and gold rose to records.“You have a generalized commodity bubble due ... Read more »

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Soros Lambastes Market Theory, Says It Created `Super-Bubble’

Filed under Hedge funds, George Soros - Soros Fund Management, Predictions
April 5, 2008 12:21 pm

For 20 years, George Soros has challenged the theory that markets, however choppy, always move toward equilibrium. Now a meltdown has handed him rich evidence that the hypothesis isn’t just ... Read more »

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