George Soros: ‘We may be heading for another major financial crisis’
George Soros, the chairman of Soros Fund Management and liberal billionaire, was out on the wires earlier today, warning about another major financial crisis.
Key Points:
“Everything that could go wrong has gone wrong".
The termination of the Iran deal and the destruction of the transatlantic alliance was just the start. The two is bound to have negative implications to the European economy and will also cause other dislocations.
The strength in the dollar is also precipitating a flight away from emerging market currencies and with the EU facing an existential crisis now, it's pretty much a recipe for a crisis.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
