22 Jan 2016
Hard landing in China practically unavoidable - Soros
FXStreet (Bali) - According to legendary investor George Soros, a hard landing is practically unavoidable.
Soros said, in an interview with Bloomberg: "I'm not expecting it, I'm observing it. China can manage it. It has resources and greater latitude in policies, with $3 trillion in reserves."
“The key issue is deflation. It’s a condition that we’re not used to”, Soros told Bloomberg. As per the Fed, Soros noted "he would be surprised if the Fed raised interest rates again after increasing them in December for the first time in almost a decade", Bloomberg wrote.
Soros said, in an interview with Bloomberg: "I'm not expecting it, I'm observing it. China can manage it. It has resources and greater latitude in policies, with $3 trillion in reserves."
“The key issue is deflation. It’s a condition that we’re not used to”, Soros told Bloomberg. As per the Fed, Soros noted "he would be surprised if the Fed raised interest rates again after increasing them in December for the first time in almost a decade", Bloomberg wrote.