George Soros says that the Chinese Economy is headed for a Recession

US billionaire, George Soros, said that the current Chinese economy closely resembled that of the United States before the 2008 global recession. He reiterated that the increasing debt financing experienced in the Chinese economy is a recipe for disaster even as the Chinese reputed his claims as mere hearsay.

The Chinese economy on http://www.bloomberg.com/news/articles/2016-04-20/soros-says-china-s-debt-fueled-economy-resembles-u-s-in-2007-08 recorded growing credit figures in March, 2016. Soros said that this should be taken as a serious warning sign while speaking at an event commemorating Asian Society in New York. The Chinese government has been seen to prioritize economic growth over reducing the amount of debt. George Soros said that the current growth experienced in China, which is fueled by credit financing, is reminiscent of what happened in the US before the 2007/2008 economic recession hit.

Uncertainty in the Economy

Soros made his fortune by betting wisely in the financial and stock markets. He founded Soros Capital Management on https://www.opensocietyfoundations.org/people/george-soros and grew it steadily over the years to earn him over 24 billion dollars in net worth. Today, he is ranked as one of the wealthiest individuals alive. His hedge fund has earned a steady 20 percent in annual growth since 1969 up to 2011. The growth was fueled by excellent prediction of the markets, excellent managerial skills and hard work. George Soros is known for pocketing $1 billion dollars from the short sale of the UK pound.

Soros revealed that he was betting against the Asian currencies because with what is happening in China currently, a hard landing is inevitable. George Soros said this back in January when he was speaking in Davos at the annual World Economic Forum. However, Xinhua news agency that is run by the Chinese government refuted Soros’ claims in an editorial alluding to the fact that he had made the same predictions previously but they never came to pass.

Soros said that it was not a good economic indication that the Chinese banking system currently has a huge number of loans compared to deposits. Another source of uncertainty in the Chinese economy is the fact that some banks are currently borrowing from others creating more instability. He said that even though currently the problem is being management by deferment, it is increasing at a high rate.

The recent surge in the Chinese real estate sector saw a boom in new credit that has allowed it to rebound. The prices of new homes in Shenzhen rose by 62 percent. Soros said that the Asian Giant’s economy was entering a parabolic cycle whereby, the surge in credit financing was capable of derailing the whole economy. However, Soros was positive about the Chinese foreign policy stating that the linking of the Yuan to an international basket of currencies was a healthy development.


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Would You Eat Dog Food?

Have you ever tried a slice of your dog’s food? In an article I was reading on the Daily Harald website, I was amazed to find how close to human food the kibble for dogs has become. In fact, Michael Heiger from Freshpet, Inc. popped a piece in his mouth and commented that it “Tastes just like Thanksgiving.” His remarks made me reflect on how much time I could save on my next holiday meal! Between that and Mars’ Cesar Home Delights’ lasagna and beef stroganoff, you could have quite a meal.
Pet food companies have been working on improving the quality of pet food by their usage of more organic ingredients, and their removal of artificial colors and flavors. Each corporation’s goal it to be the next big thing that animal lovers just need to have. One company leading the way is the Purina Company with their line of Beneful products.

Beneful offers a line of dry dog food(https://www.beneful.com/products/dry-dog-food/), wet dog food, and dog treats with unique flavor profiles. For example, if you choose the original chicken dry dog food, you will notice their sides are carrots, tomatoes, and avocados. In contrast if you choose the original beef dry dog food, it is accompanied by peas, spinach, and carrots. In addition to the original dry dog food, Purinastore’s Beneful offers similar fun flavors in Healthy Weight, Healthy Puppy, and Playful Life.

Accompanying your pup’s favorite dry food, Beneful offer’s a diverse line of wet dog food. You can choose from their line of incredibites, which includes flavors like salmon with tomatoes, carrots, and wild rice, or Mediterranean Style Medaley which contains lamb, tomatoes, brown rice, and spinach. Then you can round out your dog’s favorite meal with a fun dental treat like Healthy Smile, or a yummy Baked Delight.

As pet owners are searching on wikipedia for products that contain less fillers and more organic products, they are finding pet foods that are more like human food. With dogs eating better than most people, you could think about enhancing your next dinner party.

Beneful Is Beneficial

Dog lovers know how important our canine companions are to us. They aren’t just a member of our families they’re also our best friends and that’s why they deserve the best from us. Making sure the furriest member of your family is eating a balanced diet is one of the most important things you can do for them. Knowing the ingredients in your dog’s food is crucial to their health and overall well-being, that’s why so many pet owners choose Beneful brand dog food.

They have a wide variety of dry and wet dog food made from delicious and wholesome ingredients produced in compliance with the Association of American Feed Control Officials (AAFCO), to the ensure quality and safety of your dog’s food. With products like Beneful Original dry dog food: https://www.beneful.com/products/dry-dog-food/ made with real beef, salmon or chicken along with a blend of nutrient rich vegetables you’re sure to find one your dog will devour. Beneful has many speciality diet options too, Beneful brand Playful Life dry dog food made with real beef and egg is the perfect option for your active pup. The Beneful brand Incredibites line of dry dog food another great option, especially for those whose dog prefers a little chew with their crunch.

Purinastore Beneful brand wet dog food is made with real meat and vegetables and comes in a resealable plastic container. Beneful Chopped Blends and Incredibites wet dog food contains mixtures of chopped meat, vegetables, rice or barley. With all great choices you receive when you choose to buy on Walmart Beneful brand dog food you can please even the most picky of dogs.

 

Soros Predicts A Financial Quake Rumbling The Euro

George Soros, a man of many talents and predictions. Soros, now 80 years old, is the founder and chair of Soros Fund Management. This fund management company established in 1969 by George Soros. Soros fled Hungary during World War II, when Nazi Germany occupied his homeland. He migrated to England and attended the London School of Economics on politico.com, graduating with his degree in Economics as he planned his voyage to the United States. He settled in New York and began his successful climb to wealth.

George Soros is also an acclaimed author of fourteen books providing insight and investment strategy for individuals and businesses alike. The bestsellers include “The Tragedy of the European Union, written in 2014, Financial Turmoil in Europe and the United States: Essay, written in 2012, and The Soros Lectures at the Central European University in March 2011. Together, these most recent writings will give insight into today’s financial turmoil.

Shortly after the new year, George Soros reports an upcoming crisis in global markets, reflecting back to the crisis the world experienced in 2008. Soros warns investors large and small, to approach the investment market cautiously. China is experiencing a currency devaluation with vibrations felt around the world, and could result in a crisis similar to what the world experienced in 2008 on forbes.com.

The volatility of the potential crisis is sending shock waves that could grow and affect the markets worldwide, but China will feel the major shock of the crisis. China’s Communist Party is committed to increasing the yuan convertibility by the year 2020, and remove the capital controls now in effect. The People’s Bank of China has reduced interest rates considerably while dumping into the economy billions of dollars, hoping to offset any problems, but the manufacturing area remains sluggish.

What remains consistent is the advice by George Soros that U.S. investors need to remain vigilant in selecting where they invest their funds. Something to remember is “What goes up, must come down.” When the investment market is low, the price of Gold, Silver, and Platinum rises. A strong, secure investment is precious metals, and United States Gold investments are backed by the U.S. Federal Government, and worth looking at for investing in your future during times where the market is so unstable.

Soros reminds the public that “Gold Is Turmoil’s Beneficiary”. China’s weakening currency can keep investors up at night, but although this is troubling it is also very bad news for the oil markets. The radical drop in oil prices this year as reported by Bloomberg Business completely changes the price of oil, and gasoline at the pump for the first time in almost a decade. Investor beware and plan for your future appropriately.