JAN 21, 2016
Billionaire investor George Soros said China’s economy is heading for a hard landing and will contribute to global deflation.
"A hard landing is practically unavoidable,"
Soros said it’s too early to buy stocks and that he shorted the Standard & Poor’s 500 Index, which is down about 8.5 percent for the year.
The investor said he would be surprised if the Federal Reserve raised interest rates again after hiking them in December for the first time in almost a decade.