Soros Warns of 2008-Like Debt Growth in China.

Posted by Yves Smith, Naked Capitalism

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naked capitalismGeorge Soros’ dire warnings about China a speech yesterday. He is talking his book; he’s short the renminbi, and pumped for China to float the Chinese currency against a broader basket of currencies, which would also lead it to decline against the dollar.

Soros made a doomsday call against Europe in 2012 that did not pan out, and he has been aggressive there in trying to influence policy, both on economics and on Ukraine. And he acknowledged that the timing of ugly end games is uncertain… CLICK HERE for the complete article