Add George Soros to the list of hedge fund managers who think the ECB stimulus program will exacerbate income inequality in Europe. Speaking on a CNBC panel discussion in Davos for the World Economic Forum, Soros noted currency trading opportunity and advocated stimulus that was targeted at improving the region’s physical infrastructure, roads and bridges, as a method to improve the wages of average citizens. Not only will the ECB stimulus program create an asset bubble, but the main concern of Soros is that quantitative easing “will benefit the owners of assets as wages will remain under pressure through competition…
Soros Warns About QE As Inequality Generator, Says EU Needs To Get Act Together
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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