Dow, S&P Worst Start Ever – George Soros Sees Crisis in Global Markets That Echoes 2008

Wed, Feb 3, 2016

Uncategorized

4avg.rating 58 votes.

Dow, S&P Worst Four Day January Start Ever – George Soros Sees Crisis in Global Markets That Echoes 2008

Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008

Did you know that the first four days of January, both the Dow and the S&P 500 Index are off to their worst start ever? Plus, billionaire George Soros see an upcoming crisis in global markets that echoes 2008. 2016 is shaping up to be a really interesting year economically and politically. Things are changing fast…

If you are staying awake at night worrying about possibly repeating 2008 all over again, you need to know there is a better way to live and a better way to invest. The Barefoot Retirement plan 100% guarantees that you will not lose a single penny in market downturns or market crashes. It\’s like having a financial safety net. To find out more about the Barefoot Retirement Plan, grab a free copy of our best selling book, The Barefoot Retirement Plan. Over 100,000 copies have been downloaded. Go here to get your free copy now and protect yourself. http://BarefootRetirement.com/book

Check out the rest of this article and see what George Soros has to say;

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.”

Soros has warned of a 2008-like catastrophe before. On a panel in Washington in September 2011, he said the Greece-born European debt crunch was “more serious than the crisis of 2008.”

Soros, whose hedge-fund firm gained about 20 percent a year on average from 1969 to 2011, has a net worth of about $27.3 billion, according to the Bloomberg Billionaires Index. He began his career in New York City in the 1950s and gained a reputation for his investing prowess in 1992 by netting $1 billion with a bet that the U.K. would be forced to devalue the pound.

Measures of volatility are surging this year. The Chicago Board Options Exchange Volatility Index, known as the fear gauge or the VIX, is up 13 percent. The Nikkei Stock Average Volatility Index, which measures the cost of protection on Japanese shares, has climbed 43 percent in 2016 and a Merrill Lynch index of anticipated price swings in Treasury bonds rose 5.7 percent.

China\’s Communist Party has pledged to increase the yuan\’s convertibility by 2020 and to gradually dismantle capital controls. Weakness in the world\’s second-largest economy remains even after the People\’s Bank of China has cut interest rates to record lows and authorities pumped hundreds of billions of dollars into the economy. Data this week reinforced a sluggish manufacturing sector.

Read more: George Soros Sees Crisis in Global Markets That Echoes 2008

The good news is that our Barefoot clients are not worried a bit. All Barefoot accounts are guaranteed not to lose a single penny in market downturns or crashes. To find out more, click here.

Wishing you the very best.

Doyle

Doyle Shuler

Barefoot Retirement

BarefootRetirement.com

866-480-7784

Share and Enjoy:
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
  • Dow, S&P Worst Start Ever   George Soros Sees Crisis in Global Markets That Echoes 2008
Sphere: Related Content

Leave a Reply

CommentLuv badge