Jim Trippon: Billionaire George Soros rattled a lot of teacups in Europe last weekend by predicting “economic collapse”.
The legendary investor declared, “We are on the verge of an economic collapse which starts, let’s say, in Greece, but it could easily spread. The financial system remains extremely vulnerable.”
Is it time to panic? There are a lot of reasons to say no. And, it looks like stock markets are listening.
China (NYSE:FXI) has been an important player, buttressing confidence in Europe and even China itself over the past week.