Soros Has Another Warning, But Has He Lost His Touch?
There is a clash of powerful economic forces occurring in the UK, George Soros says in a Project Syndicate opinion post written Monday. The ultimate impact of Brexit, inflation rising faster than wage growth and the need for consumers to deleverage will converge with the need for the Bank of England to raise interest rates. This four-corner offense of economic factors will have the net result of slowing growth at a time when economic vitality is needed most, Soros predicted. One path to soften the blow could be a soft Brexit exit. George Soros says a soft Brexit is the...
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