Expert views on global economic threats
George Soros: The financier has joined the pessimists of the world economy by warning that the Federal Reserve could trigger a collapse in house prices. AUS recession could loom next year if the Fed were to raise interest rates too quickly, said Soros. A US recession could overspill into a foreign exchange crisis and global instability as the value of the dollar drops. Commentators have pointed to the surging price of gold as evidence that investors are increasingly worried that the Soros scenario will become reality. Investors have, in effect, hedged their bets by buying gold as an insurance policy against their assets held in dollars.
No comments:
Post a Comment