“All of the looming problems for the global economy are political in character,” he writes.
The U.S. is showing its muscle as the developed world’s strongest economy on several counts:
Shale energy is an important competitive advantage in manufacturing in general and in petrochemicals in particular.
The banking and household sectors are deleveraging.
Quantitative easing has boosted asset values.
The housing market has improved, with construction lowering unemployment.
The fiscal drag exerted by sequestration is about to expire.
http://www.cutimes.com/2014/01/06/soros-makes-predictions-for-worlds-top-economies?ref=hp
