GEORGE SOROS: The world is running into something it doesn't know how to handle
REUTERS/Ruben Sprich
Hedge fund billionaire George Soros is pretty bearish.
"We are repeating [2008]," Soros said during the World Economic Forum in Davos, Switzerland in an interview with Bloomberg TV.
The root cause of the crisis is different this time, however.
In 2008 it was the subprime crisis in America. This time it is China, and the deflationary forces it is transmitting to the rest of the world.
"It's serious," he said. "And the Chinese left it too... Читать дальше...