Add George Soros to the list of hedge fund managers who think the ECB stimulus program will exacerbate income inequality in Europe. Speaking on a CNBC panel discussion in Davos for the World Economic Forum, Soros noted currency trading opportunity and advocated stimulus that was targeted at improving the region’s physical infrastructure, roads and bridges, as a method to improve the wages of average citizens.
Not only will the ECB stimulus program create an asset bubble, but the main concern of Soros is that quantitative easing “will benefit the owners of assets as wages will remain under pressure through competition and unemployment,” he said.
George Soros agrees that worked with the...
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