CategoryEconomics

George Soros Warns of Chinese Crash

George Soros was recently featured by Bloomberg regarding his perspective on the current status of the credit markets in China and their potential impact on the global economy. Soros is frequently consulted for his knowledge on international markets and overall trends in foreign currencies. In this particular situation, Soros has fairly dire words of warning for investors on https://www.opensocietyfoundations.org/people/george-soros about the state of credit extension from the Chinese government. Based on the figures from March of this year, Soros explains that the Chinese government has been artificially propping up failing enterprises with extensions of credit rather than using resources to start chipping away at the country’s mounting debts.

George Soros says that the situation with the Chinese credit markets is similar to what the U.S. experienced in 2007 and 2008 before the financial crash that rocked the international economy. Soros says there are strong parallels in an over-inflated credit market and a booming housing bubble, which will eventually burst, he predicts, when the Chinese government is unable to make good on its debts.

Part of what Soros says makes the situation in China on twitter.com seem so desperate is that there seems to be little prospect for overall growth in the Chinese economy. Given that the China maintains its status as the second largest economy in the world, the failure of its government to address the increasingly worrisome credit situation is serious cause for concern for George Soros. Although Soros does not put his finger on a potential timeline for collapse in China, he says that investors should not be encouraged by the lapse in time between major extensions of credit and more immediate signs of trouble. Soros says this is because the current system is able to feed itself for a period of time in the short term. What could really spell disaster for international markets, according to George Soros, is that there is major uncertainty and hesitation among investors who are not comforted by the current fiscal and monetary policies of the Chinese government.

While the majority of Soros’ analysis of the situation in the Chinese markets seems grim, he did say that he is optimistic about China’s current foreign exchange maneuvers on bloomberg.com. One of the policies Soros has praised is China’s move to link the yuan, China’s national currency, to a wider pool of foreign currencies, rather relying solely on the dollar. Another promising factor, says Soros, is the willingness of the Chinese and U.S. governments to work together towards smoothing out some of the bumps in the international financial markets in an attempt to put investors more at ease. However, Soros does not think that these small positive developments are enough to ease the eventual impact of the Chinese government’s lack of a consistent policy on credit.

Christian Broda is having a tremendous impact on Duquesne Capital

The economy is consistently in turmoil these days, and in order for a business to succeed it must consistently hire people that can tell which way the Economy is going. Economists are a rare commodity in today’s day and age and many popular businesses are looking to hire economists to help their business run more smoothly. One of the most popular Economists available today is Christian Broda.
Christian Broda is an extremely well educated person. He was born in Argentina, where he received his bachelor’s degree. He worked extremely hard throughout college, and he ended up getting some of the best grades possible in school. After college he immediately went to M.I.T. where he received a master’s degree and a Doctorate in Economics. He was extremely well respected in his field, and his classmates respected him for his great efforts. After college, Christian began working for the Federal Reserve.
Christian’s time at the federal reserve was extremely successful, and he was able to learn a great deal about the way that the United States Economy worked. After several years at the Federal Reserve, Christian was able to move into academia at the University of Chicago.
Christian’s time at the University of Chicago was wonderful. He taught several classes at the University, and thus was able to give back to the world of Economics. He also began writing papers for several economic journals. His work was consistently some of the most well researched work in the field. Having the time to regularly research the economy and write up pieces for several economic journals, allowed Christian to perfect his knowledge of the economy. After years at the University of Chicago, Christian Broda was a highly sough after commodity, and he was heavily recruited by many different businesses.
Christian spent many months wondering whether or not he should leave the University and instead start working in the private sector. After considering a great many offers, Christian eventually decided that he would be happiest at Duquesne Capital Management. He was heavily recruited at Duquesne and he felt that he would feel at home at Duquesne.
Christian has been a major asset to Duquesne Capital. As a well trained economist Christian has been able to observe all of the patterns in the economy in order to help Duquesne make the best possible decisions. His efforts have been invaluable for the growth of the company. Christian has stated that he is extremely happy at Duquesne and that he feels that all of training that he received up until his time at Duquesne have changed the way that he approaches problems, and have allowed him to be extremely successful in his new role.
Overall, the economy has a tremendous effect on the success of businesses. The economy is changing constantly, and one of the best ways for businesses to protect themselves is to hire high quality economists. One of the most intelligent economists on the planet today is Christian Broda. His abilities have changed the future of Duquesne Capital.

© 2018 Greg Brownfield

Theme by Anders NorénUp ↑