George Soros Issues Grim Prediction for Future Markets

Esteemed political bellwether, multi billionaire hedge fund manager and general all around economic guru, George Soros recently spoke at a prestigious economic summit in Sri Lanka. Whilst there he covered a great deal of ground in regards to staggering effects of the recent and far reaching economic downturn brought about by China’s market collapse. He noted that this was due to China’s inability to successfully create a new economic growth model on http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says and that it was a sign of storm times to come.

How stormy, one might rightly wonder? Well according to Mr. George Soros the financial crisis facing the western world bears a remarkable similarity to the financial housing market collapse of 2008, which originated due to mishandling of sub prime mortgages as well as a myriad of other factors. There is one crucial difference, in Soros’ mind, however, between the current market situation in China and other affected markets and the financial housing collapse of 2008 is that he fears the present situation will be far worse for everyone.

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“It amounts to a crisis,” George Soros grimly remarked during the eco summit. And this is far from the first time Soros has raised and been correct about emerging market problems. Take for instance his diagnosis of the Greek debt situation where in 2011 he said that the problem in Greece would be worse for the country than the 2008 situation in the United States and indeed his prognostication turned out to be correct. But there are other compelling reasons to believe the esteemed Hungarian businessman, namely that he has the facts on his side. For instance, all of the majority market volatility indexes have been rather sufficiently corroborating what Soros has thus far said such as the Chicago Board Options Exchange Volatility Index (VIX) which has shown a 13 percent increase. Similarly, the Nikkei Stock Average Volatility Index on https://www.facebook.com/breakingpolitical/posts/1562000144097945 has increased 43 since the end of 2015 alone. The Merrill Lynch price swing index expects treasury bonds to increase by nearly six percent this year. All of this seems to point to the veracity of George Soros’ prediction, despite the fact that China’s economy seems to be stabilizing after the downturn.

One thought on “George Soros Issues Grim Prediction for Future Markets

  1. Whether or not another market collapse comparable to that of 2008 will occur remains to be seen but with every passing day it does indeed look more and more likely that we are headed for stormier times indeed. It’s indeed very difficult for http://www.bestessayservicereviews.com to be able to turn all these things down.

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