In The United States Presidential Candidates Aren’t Talking About A Global Recession But Billionaire Investor George Soros Is

George Soros has a lot to say on Bloomberg about United States politics. He has been investing large amounts of money in liberal candidates for years. This year he’s backing Hillary Clinton, but Clinton and all the other candidates aren’t talking about the elephant in the political room, according to Soros. That elephant is the pending global recession that will certainly derail some of the plans of the next president.

Listening to the presidential candidates this year has been entertaining, annoying, senseless, and at times, ridiculous. They all talk about ISIS and Syria and a couple of them touch on the Ukraine issue. Climate change is another topic, but the fact that it is costing hundreds of billions of dollars, and is destabilizing other countries isn’t mentioned.

But the most avoided issue, even though the economy is one of the main concerns of voters, is the threat of a major global recession. Not one candidate has mentioned the fact that emerging markets have been battling recessionary forces for the last two years, but George Soros is talking about that fact. Soros recently express his views about the forthcoming global recession to Bloomberg.com.

During the Bloomberg.com interview, George Soros predicted that the world economic growth will fall below 2.5 percent in 2016. In 2017, growth will contract, and that’s not the kind of news politicians like to talk about. One reason they don’t discuss a recession is they don’t know what a recession is, and what it can do to a country that is experiencing one.

But Soros said that people should look and observe what is happening in Brazil to understand the economic devastation a recession causes. Brazil export business is down, their currency has lost 40 percent of its value over the last two years, and their government is being forced to inject billions of capital reserve dollars into their domestic economy. Soros also said unemployment is Brazil is pushing 10 percent and inflation is on the verge of breaking that 10 percent figure.

The recent tremors in the stock markets that erased more than $8 trillion from the books is one of the signs that a U.S. recession is brewing, according to Mr. Soros. Mr. Soros has successfully predicted past recessions with incredible accuracy. Even though other economists say the U.S. economy is still growing, Soros says that growth cycle is about to end. Global economic troubles are obvious, according to Soros.

The BRICS countries are in an economic mess. Russia, South Africa, Taiwan are in recession mode and the economies of India and Indonesia are slowing down. And the Japanese economy is already contracting, and it is on the doorstep of a deflation mode. When crude oil prices are added to the conversation, other South American countries join the recession list as well.

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