Guess Who’s Back?
Billionaire, author, philanthropist and trading extraordinaire, George Soros, is back in the trading game. The man who broke the bank of England and earned 1 billion dollars is back to make history again, as he returns to invest (according to Gregory Zuckerman at The Wall Street Journal).
Soros is the one of the most successful hedge fund managers of all times. He is chairmen of Soros Fund Management and he believes he can profit from what he views as economic problems that are on the way.
What worries Soros is the global economy which caused him to preform several bearish investments. His main source of concern is China. He claims that as long as they will continue to focus on political problems they won't be able to perform crucial changes in order to make their economy better and stronger. Although China had attempted to make some changes, they weren't fully implemented due to the political instability.
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