Heroes of Ukraine

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

Friday, 16 November 02:46 (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 »

The world is on the verge of another global race

International experts are commenting on the events taking place over the last few years. In particular, President and CEO of Atlantic Council Frederik Kempe believes that we are nearing another race between the world's biggest superpowers.
Publication date: 07 November 09:02 AM

Trump Wants More Control Over the Fed Since It's Too Independent

Donald Trump seems to have confirmed his authoritarian style of governing the state. If he has his way, he would probably turn himself into a king instead of a president. What are the reasons to think this way about the American president?

Publication date: 31 October 11:46 AM

Google Introduces Home Hub for $149

Google Corporation has released a couple of new devices, including several smartphone and a display named Home Hub. For those of you who don't know, Home Hub was introduced a couple of days after Facebook launched its first gadget - a smart screen. This device is designed to consume audio and video content from certain resources. It support voice control and is adjusted to the user's location. So, what is so special about Google Home Hub?

Publication date: 31 October 10:16 AM

New Sanctions May Drop Russian GDP

International experts are convinced that the near-term prospects of the Russian economy depend heavily on whether the USA expand the anti-Russian sanctions. They say the worst-case scenario is a 2.5% GDP drop.
Publication date: 29 October 11:14 AM

Russian Stocks Go Down Along With American Indexes

 Not so long ago, Russian stocks started going down in value. International experts say that this downtrend was mostly caused by external reasons. In particular, Russia's bigest stock index showed the biggest bearish move since April 2018. Back then, the Russian stock market used to be rather volatile because of the anti-Russian sanctions imposed on Russia by the United States.

Publication date: 28 October 11:49 AM

Crude Oil Prices May Reach $100/b

Ever since the United States imposed new sanctions on Iran, other oil exporters have been trying to make up for the decline in the international oil supply. Some experts are now predicting a strong trend all the way up to $100 per barrel. 

Publication date: 25 September 11:51 AM

New Anti-Russian Sanctions Will Slow Russian Economy Down, Kudrin Says

The new package of anti-Russian sanctions is expected ot be imposed by the United States in November. Apparently, this is not expected to become a disaster ofr the Russian economy, but it still may slow down the economic growth in Russia as well as the the flow of foreign investments to the country. This is what ex-Finance Minister of Russia Alexey Kudrin thinks on the matter.

Publication date: 19 September 12:10 PM

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