Heroes of Ukraine

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

Monday, 19 October 19:56 (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 »

SEC Announces $10M Bounty For Whistle Blowers

Publication date: 17 September 12:38 PM

Raygan's Former Advisor Accuses the Fed of a Big Fraud

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

U.S. Labor Market Disappoints, Economy Slows Down

The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.

Publication date: 06 August 10:06 AM

iPhone as a Payment Terminal: Apple Bought a Startup For That

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.
Publication date: 05 August 09:27 AM

China Makes Blockchain Professions Official

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.
Publication date: 20 July 11:42 AM

South Korea Invests Billions In Blockchain Technologies

By 2025, South Korea is planning to invest over 48 billion dollars in  blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Donald Trump Influences Bitcoin Exchange Rate

Publication date: 05 June 04:42 AM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?
Publication date: 13 April 11:54 AM

Life After Brexit: EU-UK Talks Are Underway

Publication date: 07 March 09:03 AM