Category: Crisis in Global Markets

George Soros Urges Against Brexit Plan

One of the most startling developments in recent months has been a movement known as Brexit. Brexit is the notion that residents of the United Kingdom would be far better off should the entire nation leave the European Union and become fully independent once more. Many observers of the nation are horrified as they watch what appears to be a movement to convince many Britons to vote in favor of leaving the European Union. This issue will be put to a vote in the coming weeks. Whatever the outcome, one European has made his views about this movement known. Investor George Soros is a native of Hungary who has long made his home in many areas of the world including London, has spoken about his thoughts on the possible negative outcome that may happen in the United Kingdom should the voters decide in favor of leaving the European Union. Read his profile at Forbes.

A Possible Devaluation

While others are not entirely sure what would result for the lives of ordinary Brits should this vote come to pass, George Soros believes that the ultimate result would be one of devastation for many people in the nation. In his view, leaving could reduce the strength of the British pound and reduce the power of the British to buy basic things. The pound is one of the world’s most stable currencies. However, as Soros reminds people in an article in one the United Kingdom’s most widely read newspapers, such losses have not been uncommon in previous years. In 1992, this currency lost over fifteen percent of its value. George Soros sees the possibility that this could happen again should the nation decide to leave the stability of the European Union for the unknown waters of a separate state. He believes this might undercut the value of the pound both in the short-term and the long-term.

Read more:
George Soros – News, Articles, Biography, Photos

‘The EU Is on the Verge of Collapse’—An Interview

His Own Background

Soros knows a great deal about the workings of the European Union as well as the history of the value of the pound. His own fortune was made in multiple ways including a canny decision on his part in prior years about where the pound would head when compared to the Euro. As a result of his own skill in understanding the workings of the European market, he is widely admired by many people in the fiscal world who value his insights and thoughts on the matter. His words will be heeded by those who wish to consider the many possibilities that leaving the 28 member European Union may pose. Soros has exerted a great deal of influence in the past because of his ability to demonstrate an understanding how the markets of the world are interlocked and influence each other.

Learn more about George Soros:

George Soros Offers Insights Into The Current World Markets

The world of markets today change rapidly. What may be true about the stock market one day may not be true the next. It is vitally important to stay on top of the markets as much as possible. Staying on top of the market today means being fully aware of the many kinds of factors that may influence it in some way. A person who knows that the actions of the Chinese government may have a direct influence on the stocks they own is someone who can truly invest wisely and see the value of their stocks rise even when market conditions are in their favor.

Someone from Bloomberg who knows the importance of being aware of such market changes is investor George Soros. Soros has spend his entire life watching the world markets carefully. He has seen his skills allow him to watch as his fortune has grown into the billions. When he speaks, people listen. They know that they are hearing the wise words of someone who knows exactly how the market is likely to fair in any given time frame. This is why he had many people listen to him when he spoke recently in Sri Lanka. As reported on Bloomberg Television, Soros wants investors to be aware of the potential for problems in the markets that may mirror those that were present during 2008.

In his view, the markets today are not clear and have many kinds of issues that may have the potential to cause problems of all kinds for investors. George Soros has been able to see tremendous returns for his investors so he is obviously aware of the best way to generate impressive rates of returns for himself and his followers. He knows that the key to such issues is to make sure that the climate is right for any potential investment. In his view, the present day markets have many kinds of problems that are likely to be similar to those seen in the markets eight years ago.

During that time, equities fell and so did investor confidence. He sees conditions as being very similar today as many parts of the world have problems with currency values. In his view, investors need to be cautious and aware of the need to remain so as the year continues. He understands that such caution can be vital when weathering a problem of any kind. In his view, the problems in the currency markets are likely to continue for much of the present time and contribute to all kinds of problems including the possibility of the markets losing value as such changes have an impact. He thinks it best to adopt a wait and see policy right now.