George Soros was born and raised in Hungary until he fled to Britain at the age of seventeen years. He later enrolled to London School of Economics, one of the most reputable universities in the world. After graduating he got an entry job as a banker and worked with a merchant bank- Singer and Friedlander. He also endeared himself in the field of philosophy where he attained a PhD in philosophy from the same university, no wander he is a great philosopher and a mentor to many. His training and experience in financial matters made him becomes a philanthropist billionaire. Visit Open Society Foundations website to know more about George Soros.
His masterly in financial markets has earned him enough reputation and when it comes to predicting future outcomes in matters markets and economic fluctuations he is always right. The billionaire was listed the twenty-seventh richest hedge fund manager in the world by Forbes in the year2014. By then, his net worth was estimated at twenty-three billion dollars. The analyst made a remarkable gamble by taking risk on British pound which earned him a whopping estimated value of two billion dollars in a single day.
George Soros foretold the economic crisis that was experienced in the year 2008. There were major setbacks in economic factors such as mortgage crisis, banks collapsed, government bailout and many more factors. Major economic hub countries were in debts and increased interest rates. This was a big blow to investors who lost value on the capital investments woo unto them if they had lent their years to the economic analyst.
In a recent economic status forum held in Sri-Lanka, George Soros predicted on Street.com an economic recession similar to the one of 2008 crisis to happen in the year2016. This is a result of an enormous Debt-GDP ratio mostly in China and mother countries but subsequently felt by the world at large. China is the second most major economic hub and therefore when her economic growth heads south, its affects the economies of other countries in the world.
Soros warned the investors to make viable decisions on matters investment, putting his prophecy in consideration. Day by day, stocks are losing value an indication that all is not well. The overvalued stocks might reduce in value by a larger margin. Lending banks have increased their lending rates making investors shy away from credit reducing investments and money in circulation. When there is less money in circulation there is less disposable income to consumers therefore the commodity markets is slackened. For further information about George Soros Street visit http://www.thestreet.com/story/13418170/1/is-george-soros-prophecy-of-doom-mostly-hyperbole-or-frighteningly-accurate.html .