Famous US billionaire George Soros returned to active trading and is now going short on stocks. The experienced investor is a master at making profit from economic shocks that, he believes, are bound to happen soon. The financier made a series of big bearish investments. Expecting a decline in some markets, he sold stocks and bought gold and shares in gold mining companies.
In recent years, Soros has been deeply involved in social and political activity as well as philanthropy. However, drastic changes in the global economy brought him back to the market. Now Soros is spending most of his time in the office directing trades. Experts say that Soros has a more pessimistic view of the current situation than other Wall Street investors. In the wake of economic and political issues in China, Europe and elsewhere, he gives even a gloomier outlook. Soros worries that the existing situation in China is going to deteriorate. By the way, he was the one to predict a hard landing of the Chinese economy and the following stock market collapse.
In 2007, Soros was also actively involved in trading and he voiced concerns about the housing market. At that time, short selling throughout two years produced him more than $1 billion of gains.
