Category Archives: George Soros

Soros Worries That This Market Is Like 2008

 

The 2008-2009 stock market is one that most will not soon forget. It was a market where investors lost a lot of money in a very short period of time. It was painful for many, particularly those who needed that money to retire right as the market was taking this tumble. Different people associate it with different causes, but there is no questioning that people do remember it. What is scary to hear is that George Soros is now predicting that the current stock market will be similar to the 2008 market.

George Soros is someone to listen to because of the money that he has made in the market. In fact, he has made billions of dollars in the market. He is known for making bold predictions and for being more right than he is wrong. That is how he has gained a reputation that gives him a special reason to pay extra attention to what he has to say.

According to Marketwatch, Soros has stated that problems in the Chinese markets are a big part of what has him worried. He sees that the markets in that country have been behaving very wildly. There are a lot of stocks in the Chinese market that are plummeting at the moment, and the market has a whole has had to be halted multiple times just this week.

To have to use circuit breakers to stop the market means that something desperate has happened. The government does not like to halt trading when they can avoid doing so. Halting trading simply brings about more chaos over time, and that is certainly not something that anyone wants to have.

Aside from the start and stop nature of the halting of markets, China has other underlying problems that seem to have certain traders having a case of the jitters. The growth in China has slowed incredibly. There were years recently when growth in China was between 7 and 9 percent annually. Now, there are whispers that the growth rate for the year in China may well be zero percent. It is troubling investors and it should.

Not everything parallels the 2008 markets of course. It would be rather difficult to find a perfect correlation like that, but there are reasons to be worried. 2008 saw problems with the housing markets that caused a near collapse of the entire system. Today, we are seeing problems with China and there are still lingering debt problems in Greece as well.

The Greek debt issue is something that Soros says that may be an even bigger problem than the whole issue in China. He feels that a lot of people have taken the Greek issue off the table in their minds, but it is far from over. If the issue starts to spread into other markets in the region or in the world, then the overall stock market situation could be dramatically worse than it is today. There are reasons to be worried about a 2008 style market say George Soros and many others.

George Soros the Humanity Champion

The world is full of flaws and imperfections. Everybody works towards taking advantage of each other either socially, politically or economically. It is, therefore, important for us to look for ways of ensuring that we remain committed to the making of the world a better place to live in. One man alone cannot save the world. However, George Soros, in his small way, has tried his best to make the world a better place for all of us.

Many institutions have been built on imperfection. While some have prospered, they have left suffering to many in their wake. Communism and anarchism are one such example. In Eastern and Central Europe in 1930, this was the order of the day and not many people grew up knowing peace. George Soros is driven by his desire to change the world for the better for all people in the world.

George Soros is an advocate of human rights. He believes in a society where all the people in the organization are treated equally. Growing up in political anarchy could be the reason he has come out so strongly against the oppression of all kinds. He yearns for a society that places value on human lives and one that fosters equality and protects the oppressed, marginalized and vulnerable people.

George Soros Open Society Foundations has been instrumental in helping people all over the world cope with injustices that have been meted on them. The organization has helped shape the fundamental principles of the societies around the world. The foundation has been very successful in many parts of the world mainly South Africa during the apartheid. It also was involved in working for the organizations in European countries during the cold war.

Ukraine is one country that George Soros helped establish Democracy in the society during the cold war. His efforts have borne fruits in the society as the society in Ukraine is more integrated and cooperative in ensuring that human life is valued.

His work in South Africa during the apartheid was very commendable. He was in the forefront of speaking against the evils being committed against the people of South Africa. Many were bitten and illegally detained for speaking against the evils happening to the population of the South Africa by the national rule.