Category: Economic Analysis

George Soros Explains Current Market Situation

George Soros spoke at an economic forum in Sri Lanka’s capital regarding his perspective on China’s current policy of devaluing its currency. Bloomberg reports that Soros is raising a warning flag to the world that this policy is very problematic and could signal a global economic crisis similar to what the world experienced in 2008. According to Soros, investors should be very cautious for the time being as China struggles to reinvent its economic footprint on http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says in the global economy. Soros explained that China is now shifting from a manufacturing economy to one based on services and consumption, which is a major shift in the global manufacturing paradigm. Given that China is the second largest economy in the world, George Soros warns that its government’s challenges in cutting interest rates and trying to stabilize its currency could spell disaster for the global economy overall. In addition, Soros advised that, from his bird’s eye view of the global financial markets, he is seeing similar trends to that of the disaster of 2008 and thinks that investors should brace themselves for a total market nosedive. George Soros has also previously issued warnings about the European debt problem, in wake of the economic turmoil going on in Greece.

Soros is widely consulted for his advice and perspective on global market trends. Soros has experienced incredible success on https://www.facebook.com/breakingpolitical/posts/1562000144097945 at the helm of his own hedge fund, Soros Fund Management. In fact, according to the rankings by Bloomberg Billionaires, Soros is now considered one of the thirty richest individuals in the world. Soros’ breakout success in finance and investing was tied to his ability to understand the currency market in England in 1992, when he took the chance on the short sale of $10 billion worth of pounds. Because of his personal financial success based, in part, on his ability to read overall market trends, Soros is regarded as a highly credible source on the direction of the global economy and long term investment advice.

Although George Soros is probably most recognized by his astounding financial worth, he has also become known as a famous philanthropist. Through his work with the Open Society Foundations, Soros has consistently supported liberal and progressive causes around the world. Even as far back as the 1970s, Soros helped fund Black students’ education in apartheid South Africa. Since then, he has used his financial success and international platform to advocate strongly for human rights, freedom of speech, human development and economic growth in the areas of the world where it is needed most. He speaks openly about supporting immigrant rights and solving the refugee crisis currently plaguing Europe. Soros is also an accomplished writer and has published over a dozen books on a wide range of topics, including financial and investment strategies, world politics, social issues and economic analysis. He also writes frequently in a variety of other print publications on a broad spectrum of current topics.

Venezuela’s Economic Woes Worsen

According to an op-ed published in World Socialist Website and reported by the David Osio About.me page, the Venezuela government has seen their revenue fall by 45 percent. The reason for this sharp decline is the drop in OPEC basket oil prices from $100 per barrel in June 2014 to $30 per barrel. This is about $5 per barrel less than many OPEC countries receive because Venezuela oil requires special blending that other oil does not require.

Oil makes up about 95 percent of the exports from the country. In turn, the country spends this money to import goods into the country including food and medicine. Even simple items like condoms remain unavailable in many areas. When they are found, prices have risen so dramatically that most people cannot afford to buy them. About 85 percent of the country’s first aid stations have closed down because they cannot get the medicine they need to operate. While the border with Columbia is officially closed, many Venezuelans are attempting to sneak across the border for medical care.

Inflation in the country is shooting up at alarming rates. The Venezuela government says that inflation rose 140 percent during 2015 while the International Monetary Fund says that the real number is closer to 200 percent. The country’s economy has shrunk by 10 percent making it the country with the most economic contractions.

 

Fabletics Goes to the Beach

Elite Daily reported that actress and entrepreneur Kate Hudson’s fitness brand, Fabletics, will launch a new swim collection April 12. Fabletics will also launch a line of dresses to go with the swim attire. The swimsuits derive inspiration from tribal designs, the tropics, and nautical influences, and range in size from XXS-XXL. The swimsuits, made of recycled fabric, have UV protection and start at under $40.

Hudson founded Fabletics in 2013 with JustFab co-CEOs Don Ressler and Adam Goldenberg. The trio designed Fabletics as an affordable, high-quality alternative to athletic brands such as Lululemon and Nike, though Fabletics operates differently from these clothing giants.

Fabletics customers can subscribe to a clothes-buying membership, whereby one can purchase her first outfit for $25. After that, Fabletics would bill her credit card less than $50 every month for whatever outfit she chooses. Customers can also opt to skip any particular month, if they don’t wish to purchase anything.

In 2014, Fabletics expanded to the United Kingdom, Germany, France and Canada. The following year, the company began shipping to Australia, launched a men’s clothing line called FL2, and expanded further to Spain and the Netherlands. In September and October of last year, Fabletics opened six physical retail stores in the United States. The company also has a kids’ line called Just Fab. (Source: www.fabletics.com)

Summer is my favorite season,” says Hudson of her new line, “so it was exciting to create our new dress and swim collections. Our design team also worked hard to perfect the swim styles. They’re sexy and stylish, but comfortable to wear, and we have styles for every body type. Their must-read Wikipedia entry designs breathable clothes that inspire an active life, whether it means competing in a triathlon or chasing after little kids.

See Fabletics new swimwear line and become a member at the company’s website, www.fabletics.com.

Brad Reifler Partners With Easter Seals Dixon Center

Forefront Capital Advisors’ CEO, Brad Reifler, has formed a partnership with Easter Seals Dixon in an effort to provide charitable support to military veterans and their families as their service abroad ends and their domestic life begins again, giving them help needed to establish their lives in a time when normalcy is needed most.

Reifler’s support to Easter Seals comes in the form of $3 million extended to them through Forefront Capital Advisors. The funds will be used to help soldiers retrain for new jobs, find employment, refine their education, and get reliable access to health care and advocacy for veterans’ issues.

Eastern Seals has been involved in philanthropy and outreach on the behalf of veterans for years. Working locally with communities, they’ve been able to provide veterans with options to better their lives when trying to reestablish a stable life when coming home from service abroad.

Reifler’s decision to partner with Easter Seal had a lot do with the number of people they’ve been able to assist each year, including their commitment to helping veterans get a hold of their financial future. And while charity is the focus for Reifler, Forefront Capital also sees this as an opportunity to help men and women of character contribute to their economies in meaningful ways for the betterment of all those living around them.

Col. David W. Sutherland (Ret.), Chairman of the Easter Seals Dixon Center, was the once to announce the partnership with Reifler to the public, making it known that the financial backing from private individuals and organizations make up for their lack of funding. For this reason, despite their donation being substantial, Forefront Capital anticipates their relationship to endure, helping this essential cause reach the prominence it deserves.

Brad Reifler, Founder and Corporate Executive Officer of Forefront Capital, has spent years working in financial services, making use of the business world’s best talents across the world, attracting influential clients. Having prized clients and adept partners, Forefront Capital has established enduring partnerships that benefit all parties involved, surpassing the offerings of other financial firms. What makes this possible is Reifler’s knowledge on value of investment practices and the experience that allows his firm to counsel on finance, taking into consideration the interests of each party involved, making these partnerships personal and profitable.

Though finance through high-end investors is the focus of the firm, Forefront Capital Advisors has investment opportunities in niche markets that allow traditional and middle-class investors access public and private markets. This investment structure allows them to offer management products and advice that leads to high yields for investors and limiting unnecessary risk that can occur when investing. Always willing to engage with the public, Reifler is active on social media, musing on goings on in the financial world.

George Soros Foundation Banned by Russia as a State Security ‘Threat’

Fortune.com reports from Russia state that the country issued a ban to a charity that stands for pro-democracy founded by George Soros, a billionaire who founded and managed his own hedge fund and is currently involved in philanthropy work. Russia stated that the charity was banned as it was a threat to the state security as well as the constitution. A statement that was released last year from the office of the Prosecutor General in Russia clarified that two branches that form part of the charity network run by Soros were added to a “stop list”. The “stop list” entails foreign NGOs whose activities have been deemed “undesirable” by Russia. The two are Open Society Institute Assistance and the Open Society Foundations.

The statement went on to elaborate that the activities of the Open Society Institute Assistance Foundation and the Open Society Foundations were a threat to the constitution of Russia. The statement read that the two charities were a threat to the very foundations that held the constitutional system of Russian Federation in place and the overall security of Russian state. The report did not elaborate further on the other circumstances that led to the ban.

George Soros, founder and chair of Open Society Foundations and the Soros Fund Management, had earlier on voiced his opinion that the West ought to increase their aid to Ukraine. He went on to outline some steps towards a financing package worth $50 billion. He added that this financing package ought to be viewed as a bulwark against Russia that was becoming increasingly aggressive.

In response to the ban imposed by Russia, the Open Society Foundations expressed its dismay at the decision arrived at by Russia. In a statement released by the Open SocietyFoundations, the foundation responded to the contrary of the prosecutor’s allegations about its activities. It held that its activities that spanned a quarter of a century were aimed at strengthening the rule of law and the protection of rights for all people in Russia. It also went on to say that in the past its efforts had been appreciated by both the Russian citizens and its officials and regretted the changes that prompted the issuance of the ban. The statement displayed the Foundation’s regrets that the government had rejected their support to the civil society in Russia and the aspirations held by the Russian people.

Soros responded to the ban in a separate statement that claimed he was confident that the Russian ban was just a temporary aberration. He added that the Russian people had aspirations for a good future which could not be suppressed and they would succeed ultimately. (Full Story here) The Open Society Foundations was founded back in 1979 by George Soros. This was after the hedge fund he had founded and managed, Soros Fund Management, reached $100 million and his personal wealth shot to $25 million. It started its philanthropic activities by offering scholarships to black people in South Africa during the era of apartheid. (More) Soros is 85 years old and is involved in the funding of foundation networks that support freedom of expression, human rights and access to education and health in over 70 countries in the world.