George Soros Has Dark Outlook for Global Economy

George Soros, well known billionaire investor, has recently made some very bearish trading decisions. He usually allows his advisers to make investment decisions for his family funds, but has now taken a more active role in the process himself. It is reported that the last time he got seriously involved with the investment decisions was right before the 2007-2008 housing bubble. Does this mean there is another downfall coming? Learn more about his profile at forbes.com

Recently a report from the Wall Street Journal claims Soros directed his managers to sell stocks and purchase gold, due to a concern over the global economic outlook. One of his main concerns has been the condition of China. The country has been facing a major economic slowdown in the past year and he thinks it will worsen. There has been a large outflow of capital from China, a sign of more potential problems. George Soros claims that China is at the same level of debt the U.S. was right before the housing bubble burst. He has talked about the possibility of global deflation becoming a factor which could scare the markets.

Read more:
Cramer: Investing like George Soros will never make you rich

George Soros | The New York Review of Books

Other areas of concern are Europe’s immigration crisis and the continuing problems with Greece. He believes that if the U.K leaves the EU that it could potentially collapse. There have been times in the past when Soros predicted a global collapse and it did not come to pass. Only time will tell if he is correct this time or not.

Soros is the founder and chairman of the Soros Fund Management. He is also the chairman of the Open Society Foundation. He was born in Budapest, and survived the German occupation during WW II. He moved to England in 1947. His education was at the London School of Economics. His claim to fame was when he made an accurate call on the drop of the British Pound in 1992. He earned more than $1 billion dollars due to his accurate prediction. George and his family are active philanthropists around the world.

Learn more about George Soros:
http://www.investopedia.com/university/greatest/georgesoros.asp

http://www.wsj.com/articles/a-bearish-george-soros-is-trading-again-1465429163

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