Category Archives: Economic News

George Soros, Author and Philanthropist Warns of Upcoming Collapse

George Soros is a well known public figure on, not to mention an extremely wealthy billionaire who put together a $24 billion nest egg through wise investments in the markets. According to George Soros, China’s economy is facing imminent danger much like The United States went through back in 2007-2008, when the housing boom collapsed and credit markets halted, causing a deep recession that ended up lasting a few years. If this does occur, it can be detrimental to China, as they have the world’s second largest economy.

The collapse on that the United States went through preceded a significant credit growth. This is why George Soros is trying to warn the world that something bad may lie ahead in China. He feels that the Chinese Government is focusing their effort on growth instead of riding the wave of debt. The most recent measure of new credit in a Bloomberg survey in China shows 2.34 trillion yuan. That is extremely higher than the median prediction of 1.4 trillion yuan. A significant percentage of the money that China’s banks are dealing out is needed to sustain enterprises that are losing money. The banking system in China has more loans out than it has deposits and is struggling to balance their assets vs liabilities. George Soros feels that China’s banking system is in trouble due to the fact that they have resorted to lending each other money. The banks should be able to sustain themselves by doing this for awhile, but the problem is only growing.

Another eerily similar trend currently happening in China that resembles what the United States went through prior to their downfall on is that the housing values have risen sharply, with new homes soaring a whopping 62 percent in one year. It is known as a parabolic cycle, and a good percentage of the possible upcoming damage can happen in the latter part of a recession. Read more: George Soros, Author and Philanthropist Warns of Upcoming Collapse

It seems difficult to discredit what George Soros has to say about this topic on, as he has been around for awhile and has an extensive financial background. George Soros was born in 1930, and he relocated to the United States after graduating from the London School of Economics. He has been a philanthropist since 1979, and was the founder and manager of a large international investment fund. He has written numerous articles for several newspapers on politics and is an author of more than a dozen books.

Many disagree with George Soros stating that he has issued warnings like this before. And on a positive note, George Soros agrees that there has been cooperation between the U.S. and China, calming down the markets a bit and that China’s service industry is on the rise.

Selling Your Home When You Still Live There

Once you have decided to sell your home, you are likely filled with questions about what steps to take next. One of the major components of selling your home is to make sure it presents well during showings and photographs nicely for your listing. If you are still living in your home it can be challenging to find a nice balance between keeping your home ready to show and living your life comfortably. The following tips are designed to help you maintain that balance.

The first major step is to de-clutter all of your viewable surfaces. Make sure all of your kitchen and bathroom counters have the fewest number of items possible remaining on them. Put away any unnecessary items, and make sure any items left out are clean and in good repair. The same advice goes for dining room tables and office desks, as well as floor areas that may be home to piles of shoes, coats or bags.

If you have children, special attention should be paid to any area they keep their belongings. Avoid having toys out in shared spaces, such as the living and dining rooms, as they can be distracting to potential buyers or give the impression that your home does not have much storage. In children’s rooms, make sure that the floors are kept clean and free of toys as much as possible. If you do not have a toy box to help control the clutter, now may be the time to invest in one.

Though it may be challenging to do, you should take down any pictures or photographs that show members of your family in them. If this leaves an area feeling bare, replace the photographs with a nature scene. This helps potential buyers picture themselves in the home by removing the hints that other people actually live there as they view the property.

If you have the time and money available, you may want to consider repainting the walls and trim and having the carpets steam cleaned. This is especially true if you have painted any of your walls in a non-neutral color. A fresh coat of paint leaves everything feeling polished, and neutral colors create the idea of a clean slate that the potential buyers can make their own. Highlight that with well cleaned carpets to leave everything smelling fresh.

Once you feel prepared, contact a selling agent for more advice. Selling agents and realtors, like those at The 990 Company, can make sure you get the full service experience and best offers all with reasonable commissions through the 990 sells homes programs. They will take the extra time and care will ensure your home is presented in the best light and listed to sell.

The Sixth Largest Economy in the World

A high-potential market is emerging in Brazil, offering returns as rewarding as a visit to the countries’ beautiful tropical rain forests, and just as dangerous. Brazil is one of the quickest emerging financial power houses of the world, giving investors all the more reason to consider them for their investments.

Recent corruption investigations and civil unrest have decreased investment opportunities for the South American giant. Statistics predict the national GDP to lower in the recent future, instead of increase. The reason behind this negative GDP is centered on the oil scandal involving Petrobras. Investor’s no longer consider the corporation trustworthy, and many refuse to invest in them because of this. Since this oil company is one of Brazil’s largest and most productive industries, their problems correlate directly to the country’s economic problems.

Despite recent issues, investing in Brazil is still a profitable option for investors. The currency makes for interesting results, while the constantly intervening government threatens to diminish the value of Brazil investments. Brazil offers a well-diversified market as a result of post-war policies recently implemented. Companies, such as General Motors, have not lost faith in the potential that Brazil has to offer. GM recently announced their plans to double their investments in Brazil, showing an increase in confidence for the economy, and potentially encouraging others to do the same.

Brazil has many incentives and advantages for investing with them. They own a strategic location and expansive market with a population that is close to 200 million. They also happen to border almost all South American countries, with only minor exceptions, increasing their trade opportunities and level of economic influence. Brazil boasts the world’s sixth largest economy, offering sustainable growth and profit. The infrastructure of the country is steadily increasing: more airports are being built, there are many coastal ports, mobile accessibility throughout the country, and railroads and highways stretching across the entire country.

Igor Cornelsen is a champion investor who has held multiple high positions in Brazil’s most successful banks. He focuses on purchasing long-term investments that yield a high return guarantee. These require patience, but the confidence in the payoff is increased, and they are typically much cheaper. He counsels other investors to avoid investing in damaged companies, but to find the value in damaged stocks, which can be purchased for low amounts of money and rise in value. His personal experience in the field of investing gives him reliability in his consulting.