Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 18 September 16:20 (GMT -05:00)



Business And Politics News

George Soros: New Global Crisis Is Coming


 

While analyzing the current geopolitical situation in the global arena, many experts warn us about serious threats. For example, famous billionaire and financier George Soros predicts another global crisis in the near future. Even though his predictions are controversial at best, many representatives of the international community take his words for granted.
 
During his speech in Paris, the entrepreneur said that “everything that could have gone wrong actually went wrong”. According to him, Europe will have to face an inevitable threat. In particular, he thinks that a stronger dollar (it has been strengthening for quite a while) coupled with a flight of capital from emerging markets may eventually lead to a new global crisis. On top of that, the disruption of the nuclear deal between the United States and Iran and the disintegration of the transatlantic alliance between the USA and the EU are also dangerous and may eventually undermine the vulnerable European economy and trigger national currency devaluation in emerging economies.
 
It’s interesting to note that the reputable investor mentioned these threats shortly after the Italian bond yields reached log-term highs. At the same time, Turkey, Argentina and some other emerging economies have been trying to curb the inflation that once went out of control.
 
Still, Mr. Soros addressed the gloomiest forecast to the EU. He thinks that a lot of mistakes has been made over the last few years, including the refugee crisis and austerity policies, which eventually resulted in populist politicians coming to power in many European countries. Mr. Soros also assumes that the Brexit and some other disintegration things in the EU have created extra threats to the very existence of the European Union.
 
Ways Out
 
Mr. Soros offers a number of ways out of the difficult situation. In particular, Europe has to come up with (and finance) some kind of a Marshall Plan for Africa. This will cost Europe around 30 billion euros. This solution will help to ease the migration pressure.
 
On top of that, Mr. Soros promotes the idea of making cardinal changes to the EU (like abandoning the requirement to going the Eurozone for the members). He assumes that the common European currency has a number of problems, which may destroy the EU if ignored and escalated. To be honest, many of the ideas put forward by Mr. Soros are criticized by international experts.

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Cryptomarket Quickly Recovered From the SEC's Decision

The global market of cryptocurrencies quickly recovered from the downtrend after the SEC decided to ban the creation of Bitcoin ETFs.

Publication date: 24 August 10:00 AM

Ulysse Nardin Watch in Elite Lombard: Quality Dictated by Time

Elite Lombard has been operating in Moscow since 2003. It was founded by a team of experts with many years of expertise in the industry.

Publication date: 21 August 07:47 AM

Trump is Isolating the USA from the Rest of the World

Fareed Zakaria has commented on the content of today's external policy of the United States. He claims that President Trump's ambiguous decisions have been pushing the United States away form the rest of the world.

Publication date: 13 August 11:38 AM

Business Circles Stand Still Waiting for Fed's Decision

On July 31st - August 1st, Washington is to host another FOMC meeting. For those of you who don't know FOMC is a Fed committee. The entire business and investment world is now looking forward to the result of this FOMC meeting. The key question is whether the Fed is going to keep on toughening its money-and-credit policy. The answer will be revealed later on Wednesday.

Publication date: 31 July 12:05 PM

Fitch Downgrades Economic Forecast for Russian Economy

An international rating agency named Fitch has downgraded the economic forecast for the Russian Federation. In particular, the experts working for the international agency assume that the Russian economy will grow by 1,8% this year. The previous forecast used to be 2% in 2018. The economic forecast for the next year has dropped from 2% down to 1,9%. In 2020, the Russian economy is believed to gain only 1,5%. The long term forecast is also bearish – 1,2% a year on average.

Publication date: 28 June 12:51 PM

When it comes to trade, EU is worse than China, Trump says

Not so long ago, President Trump said that the European Union is worse than China, when it comes to trade relations. This is reported by Axios with reference t anonymous sources. They say this comparison was made during President Trump’s conversation with French President Emmanuel Marcon back in April 2018. Back then, the 2 leaders were discussing the Chinese issue. Macron urged Trump to unite forces with Europe to resist China since China is a trade problem for everyone. 
 
Publication date: 27 June 11:07 AM

Trump Turned G7 Into G6+1

The British media are criticizing Donald Trump's stance and behavior during the recent G7 summit in Quebec, Canada. 

Publication date: 13 June 12:02 PM

G7 Is Ready to Impose New Sanctions on Russia

In the final communique of the recent G7 summit in Quebec, Canada, there is warning for Russia. In particular the G7 warns Moscow that they are ready to impose even more sanctions on Russia in case of further aggression. 

Publication date: 12 June 11:44 AM

Donald Trump Is Not going to Meet with Kim Jong Un

U.S. President Donald Trump is reported to have been canceled his meeting with North Korean leader Kim Jong Un. This is confirmed by the corresponding official press release published in the White House’s official account.

Publication date: 24 May 11:49 AM

How to become a European bank co-owner?

Do you want to get absolutely legitimate access to the EU’s banking system by becoming a co-owner of a European bank to have personal and corporate accounts in your own financial institution? It’s like having a VIP card by VISA or MasterCard with huge discounts worldwide…

Publication date: 10 April 08:06 AM