It’s difficult to find financial wisdom that trickles down and spans over decades. It’s even more difficult for such knowledge to be relevant and helpful. 85-year-old American George Soros is a gift to this generation. He is a financial analyst that is irreplaceable and unparalleled. Soros’ accuracy in predicting economic outcomes on investments is widely sought by many around the globe. His investment prowess and knowledge is the reason the world must listen whenever he speaks. Soros eats, talks and sleeps financial investments. It’s no wonder that he features in the world’s list of the richest moguls as in the top fifty. Going by his economic wisdom, Soros’ billions of dollars fortune is likely to skyrocket soon. It is on the grounds of being an active and successful investor in the financial markets that his word on the topic becomes more important than life for investors and the global economy.
In 2008, Soros predicted a crunch in the financial markets and true to his word, he never disappointed. All renown media stations both in print and broadcast are seeking interview time with billionaire Soros after he predicted that the would-would experience a crisis, in 2016 similar to that that was experienced in 2008. But they don’t have to look for him as there are enough hints and indicators even for a layman to see starting with the instability of the stock markets in the U.S and the volatility of the Chinese Yuan. Soros sees panic- driven stock selling as a situation that will last longer than investors anticipated. Memories of 2008 are likely to follow with continued financial turbulence. What this means is that without the requisite economic growth within different economies, many people will lose jobs due to layoffs as economies can sustain the inflated wage bills. Soros predicts an, even more, worse situation in 2016 than was experienced in 2008.
The housing crisis in the U.S is big enough for everyone to see. On this case, Soros visualizes a situation where other countries will quickly be afflicted given that the U.S is the largest economy in the world. A weak U.S dollar is enough to trigger financial panic globally. Soros sees the current boom in China’s infrastructure spending and borrowing as a reason to worry. China is the world’s second-largest economy. Soros advice investors to observe keenly the occurrences on China’s and USA’s economy to safeguard their investments in 2016. More information on Soros’ predictions can be obtained from http://www.uncommonwisdomdaily.com/george-soros-is-right-22082