If you want to be successful in the current market on bloomberg.com, you must be very cautious. Any crisis affecting any country can have serious effects on the international community, so investors should follow all the news concerning other nations and how their currencies are doing. It is also advisable to listen and follow what the wealthy and influential people are doing, and this way, your chances of making any mistakes will be lower.
One of the most influential people you should watch and listen to keenly is George Soros, a very famous billionaire who is currently based in the United States. Apart from being one of the richest individuals in the world, Soros is very wise when it comes to the hedge fund financial activities on opensocietyfoundations.org, and this is why he has managed to accumulate too much wealth in his entire career.
In the year 2007, the Hungarian-born billionaire advised the international community that an international financial crisis was emerging. Although some investors did not take this serious, the crisis started, and it affected very many nations, including the nations in the developing world.
In order to be on the safe side, it is important to stick to the ideas of the billionaire. George Soros has recently warned investors of an upcoming financial crisis, telling the investors to be cautious in all their activities. According to the billionaire, the global market is already in a crisis, and this should send an alarm to the investors.
Speaking during an economic forum held in Colombo, Sri Lanka, the billionaire and hedge fund manager said that the crisis was originating from China this time round, and the climate already resembles that of 2008.
For some time now, China is fighting hard to acquire a growth model, and it has not managed to get any success. The value of this nation has been devaluating for several years, and experts say that these problems are being transferred to the world economy gradually. Although the country is working very hard to return to a positive interest rate by 2020, experts in the financial industry say that for a developing country like China, getting that status back is a big challenge.
At the start of 2016, the global currency and stocks were already under fire, with the currency from China sinking gradually, adding to more problems. According to George, China has serious adjustment issues, and these have already brought a crisis.
George Soros is the founder of Soros Fund, one of the biggest companies internationally, and he invests in several platforms. He is active in philanthropic activities, and he gives most of his funds through his organization, the Open Society, which he started years ago.