With China’s stock market once again tumbling, triggering circuit breakers that halted trading within for the second day in a row, this time within the first 30 minutes of trading, fabled investor George Soros once again has an ominous market message (even if it is slightly less dramatic than World War III). The comments come as China is struggling with its emergence as a free market player and the reality that Fed quantitative stimulus has “front-loaded” stock market valuations.
- Soros warned in 2011 about Greece, a crisis that was narrowly averted, and he once again warns about China
- China to lift circuit breakers, let inefficient market forces decide where value bottom is located
- World Bank economic outlook not helpful, as "front-loaded" stock market performance comments reflect core truth about quantitative easing
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