George Soros, the famous billionaire and investor, assumes that the US economy has already seen the first signs of another major crisis. According to him, the Republicans hinder the economic growth by being too slow to make significant fiscal decisions.
In particular, Mr. Soros believes that tax hikes for the rich could balance the budget and create new jobs simultaneously preserving the opportunities for economic stimulation. The tax hikes, once introduced, could increase the budget by $1.5 trillion.
FOREX.
According to the Department of , the USD index keeps rallying in mid- and long-term perspective. There is an upswing – wave C of Daily – being formed from the MF starting point 76,57. The closest major levels of resistance are 79,37,41 and 79,60. A reversal can be considered only when the price breaks below the MF pivot and sloping channel (as shown below):
