One of the biggest reasons for his concern is the overall debt levels in the economy. There are more people than ever before who have large debt loads to contend with. Anyone who is looking to make an impact in their personal finances needs to reduce their overall debt levels. However, this can be difficult for people who have large amounts of student loan debt. There are many students who are struggling just to get by in many areas. Over the long term, student loans are a big burden for anyone to bear. If you are someone who is trying to make ends meet, having the proper amount of income coming in to pay for your student loans is essential. George Soros believes that household debt will be a drag on consumption and the economy for many years to come. Anyone who wants to make investments has to have the money to do so on the front end.
George Soros says that over the past year the stock market has been tough to earn a high return in. There are few people who would dispute that. There have been a lot of issues over the past year to contend with. The low price of oil is something that many people have their eye on. Over the long term, few people expect the price of oil to stay this low. Anyone who is looking to invest in the oil area of the economy needs to be ready for a lot of short term volatility. There are a lot of companies that may go under over the next couple of years in this industry. This would be further strain on the stock market and make George Soros correct in his prediction.
It remains to be seen whether George Soros will be correct in his prediction. There are many people who are worried about what the future of the market holds. Although the overall economy is trying to improve, there are so many things against a strong market. If you are someone who wants to invest in the stock market, it would be a good idea to read the work of George Soros. He has a great track record when it comes to predicting the market. Visit Open Society Foundations website to know more about George Soros.