George Soros Sees Crisis In Global Markets That Echos 2008

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#1
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.

China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive interest rates is a challenge for the developing world, he said, adding that the current environment has similarities to 2008.

Global currency, stock and commodity markets are under fire in the first week of the new year, with a sinking yuan adding to concern about the strength of China’s economy as it shifts away from investment and manufacturing toward consumption and services. Almost $2.5 trillion was wiped from the value of global equities this year through Wednesday, and losses deepened in Asia on Thursday as a plunge in Chinese equities halted trade for the rest of the day.

“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”
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Read more at Source: Bloomberg
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#2
haha whenever i see his name mentioned I always think what is this fella up to again... Probably his fund is getting ready to scoop all the bargains after this round of dips.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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#3
China is the concern of key market players, based on the readings so far.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#4
haha he is a tricky fellow, not impressive start as a fund manager in the 70s and 80s but he made millions in the 90s shorting the pound in 1992  and then during the AFC 1997 shorting our ASEAN currencies 

The previous fund he was running before he closed and converted it into his own fund in 2011, it compounded at ~20% a year.

He may not be as big shot as buffett but right now he is probably worth half as much as Buffett, so I do take some notice when he speaks, especially about currencies and financial crisis. Who knows he may be shorting billions of ASEAN currencies again...
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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#5
索羅斯狙擊港股再吃鱉!欲做空香港卻慘賠近百億 狼狽遭港府掃地出門|主播王志郁|【大世界新聞】20190917|三立iNEWS
https://m.youtube.com/watch?v=mFsr78Epan0
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#6
Almost 3 years later .... on hindsight ... his talk is rubbish ?

Just my Diary
corylogics.blogspot.com/


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