George Soros outlines his world-view at project-syndicate.org:
On Japanese quantitative easing: taking the risk of faster growth and higher bond yields vs. slow death.
European Union: heading towards long-lasting stagnation where everybody hates Germany.
United States: Shale energy has given the US an important competitive advantage in manufacturing in general and in petrochemicals in particular. Quantitative easing has boosted asset values. And the housing market has improved, with construction lowering unemployment. The fiscal drag exerted by sequestration is also about to expire.
China: The growth model responsible for its rapid rise has run out of steam. There is an unresolved self-contradiction in China’s current policies: restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years.
Read more: The World Economy’s Shifting Challenges
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