Latest from George Soros.
On US Economy:
"If I had to sum it up in one word, I would say 'blah,'" Soros said in a hour-long talk with Reuters global editor-at-large Chrystia Freeland. "In other words, it may slip into double-dip, or it may not. But it's going to slow down."
On China’s Rise:
"China is a great winner, rising very rapidly because the west is sinking," he said. "The shift of power is phenomenal. I have not seen anything like it. It is difficult to find a parallel. For the rise of a new power, it takes decades, and it's happening here in a much shorter time."
"Today I would say that the Chinese currency is the strongest currency in the world, except you can't own it," he continued. The Chinese government has placed controls on its currency to make sure it doesn't appreciate in value, ensuring that Chinese exports, which have vaulted the country to its current position, remain attractive to the rest of the world.
Watch the video at Reuters.com.
To see all the stocks that Soros owns, click:
http://www.gurufocus.com/ListGuru.php?GuruName=George+Soros
On US Economy:
"If I had to sum it up in one word, I would say 'blah,'" Soros said in a hour-long talk with Reuters global editor-at-large Chrystia Freeland. "In other words, it may slip into double-dip, or it may not. But it's going to slow down."
On China’s Rise:
"China is a great winner, rising very rapidly because the west is sinking," he said. "The shift of power is phenomenal. I have not seen anything like it. It is difficult to find a parallel. For the rise of a new power, it takes decades, and it's happening here in a much shorter time."
"Today I would say that the Chinese currency is the strongest currency in the world, except you can't own it," he continued. The Chinese government has placed controls on its currency to make sure it doesn't appreciate in value, ensuring that Chinese exports, which have vaulted the country to its current position, remain attractive to the rest of the world.
Watch the video at Reuters.com.
To see all the stocks that Soros owns, click:
http://www.gurufocus.com/ListGuru.php?GuruName=George+Soros
