Soros is a man intimately familiar with currency crises
A little over a year ago, Paul Hodges was roundly mocked when in December 2014 he made a drastic call that "Oil May Drop To $25 On Chinese Demand Plunge, Supply Glut, Ageing Boomers." After oil got as close as 40 cents away from the dreaded 2-handle, Paul had the last laugh.
Japan is expected to benefit greatly from the Trans-Pacific Partnership trade liberalization pact and boost its gross domestic product by an additional 2.7%, more than twice the average expansion of all 12 members by 2030, according to the World Bank's latest estimate.
Oil price to slide towards $20 a barrel, warns Morgan Stanley
Markets across the globe have slumped and oil plumbed new depths as turmoil in China scared investors about the outlook for the global economy.
Shanghai's stock index plunged nearly 7 percent on Monday, sparking a halt in trading of Chinese shares, after weak manufacturing data and Middle East tensions weighed on Asian markets.
The global economy is poised for economic growth comparable to recent years’ performance, but with a somewhat different texture. European countries will do a bit better, Asian countries just a hair worse, and natural resource-based economies much worse.
At long last, a rate hike for the history books.
More than half of economists polled predict federal-funds rate back near zero within next five years.
Brent crude dipped below $40 a barrel Tuesday in a selloff that has raised a worrisome possibility: that oil prices could be even lower next year than they have been in 2015.