George Soros believes that America will be facing another 2008 type scenario, mainly because of China along with oil prices and raw material prices. Deflation is what is coming, and the world will be facing it soon.
Soros view of President Trump, “and the inauguration in Washington, D.C., Soros said Thursday during a panel discussion in Davos, Switzerland, that Trump was “gearing up for a trade war,” which would have “a very far-reaching effect in Europe and other parts of the world,“I personally have confidence that he’s going to fail … because his ideas that guide him are inherently self-contradictory,” said Soros, adding that the members of Trump’s Cabinet are each fighting for different interests.
But he predicted the loss of the United States’ “positive influence in the world in favor of an open society,” which would have “a very far-reaching effect in Europe and other parts of the world.”
Soros, who was a supporter of Trump’s Democratic rival, Hillary Clinton, during last year’s campaign, lost nearly a billion dollars as a consequence of the market rally prompted by Trump’s surprise election victory, according to news reports. But the positive reaction in financial markets would not last long, Soros predicted, because ultimately they do not like uncertainty.”
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