Our old Quantum Fund buddies are up to no good again, chiming in wherever the media outlets can pick them up. Recently, Jim Rogers was out saying that he thinks bonds will be a terrible investment for the next 10 or 20 years. Additionally, George Soros, in his Congressional testimony, said we are in a deep recession, and would not rule out the possibility of a depression.
George Soros, billionaire money manager, had his turn to join fellow hedge fund managers testifying before Congress. Soros made a point of scaring the hell out...
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I’ll try to stay out of it and not let my bias get in the way of this great fight…I’ll only say when I wrote this post on October 10th about how there’s been no capitulation...
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In keeping up with all the various hedge fund managers and 'whales,' I would be remiss if I did not include Jim Rogers and George Soros, co-founders of the legendary Quantum Fund. In a recent Canadian Business article, Jim Rogers sat down to share his thoughts."In fact, so convinced is Rogers of the commodities story that he has been buying agricultural products while selling U.S. dollars through
Here’s a webcast you might want to watch about how to fix the world’s current financial crisis. It took place last Monday at Columbia University’s Earth Institute, featuring:
George Soros, global financier and philanthropist, founder and chairman of the Open Society Institute and the Soros foundations network, and chairman of Soros Fund Management LLC.
Nouriel Roubini, professo
This is a repost from a post of mine from last January. In light of the last few weeks, it does make you wonder.
A friend of mine, Ryan, who blogs at Pro Patria, sent me this article about George Soros. We already know about how the Democrats are hoping for failure in Iraq because they have [...]
Barrons - America For Sale: Price ReducedGot cash? This could end up being one of history's quintessential buying opportunities. The case for ExxonMobil, Deere, Microsoft -- and more.Same is the case in India too,time to buy some.Clsa has come out with a report on Indian Markets and some of stocks near bedrock values.Since the bedrock value reflects the worst case - and thus a low probability even
En el último programa de Bill Moyers, transmitido el viernes pasado y que puede ser visto en el website de la cadena pública norteamericana PBS. George Soros, el multi-millonario de origen húngaro nos explica su visión del origen de la actual crisis, cuánto más esta podría durar y que perspectivas de futuro tiene nuestra sociedad [...]
George Soros Born: Budapest, Hungary, in 1930 Affiliations: F.M. Mayer Wertheim & Company Arnhold & S. Bleichroeder Soros Fund Management Most Famous For: George Soros gained international notoriety when, in September of 1992, he risked $10 billion on a single currency speculation when he shorted t
George Soros es uno de los genios económicos de nuestro tiempo, y se ha mostrado absolutamente contrario al "Plan extraordinario de salvamento de la Economía Norteamericana diseñado por Hank Paulson". Aquí está su argumentación al respecto:"El paquete de rescate de 700 mil millones de dólares del Secretario del Tesoro de los Estados Unidos, Hank Paulson, se ha topado con dificultades en el
This question is often asked by the traders that know who George Soros is. Unfortunately, there is no definite and accurate answer to this question. But it’s possible to model his trading behavior and understand what should be made by Soros-wannabe to reach the same level of the market intuition. Flavia Cymbalista, Ph.D., does that
From Michelle Malkin
The Democrat Party platform is like a bag of pork rinds. You never know what high-fat liberal government morsel you’re gonna get.
Buried in the 94-page document is a noble-sounding proposal to create a “Social Investment Fund Network.” The program would provide federal money to “social entrepreneurs and leading nonprofit organizations [that] are assisting [...]
Today, let's turn our attention away from the seemingly unbeatable domestic economy and take a look at the bigger picture: The World EconomyToday, we heard President George Bush gave another of his rhetorical speech on how great the US economy is doing."I'm not an economist... But I do believe that we're growing,'' Bush said at a White House press conference this morning, asked when the economy mi
Las empresas agropecuarias de José Aranda y George Soros inundarán 8.000 hectáreas de reservas naturales en la provincia de Corrientes para cultivar arroz. Según denuncian organizaciones ambientalistas, lo harán violando leyes nacionales y provinciales. El gobierno correntino aún no aprobó el plan de obras. El grupo empresario se defendió: “actuaremos dentro de la normativa legal vigente
Secondo La Gazzetta dello Sport, la Inner Circle, a caccia di altri investitori per l'As Roma, avrebbe trovato la disponibilità di Blackstone (e forse anche di un altro paio di soggetti), il fondo d'investimenti più ricco del mondo, talmente ricco da poter salvare la 158enne banca americana Lehman Brothers. Unicredit intanto spinge per la cessione della Roma perché è sempre più preoccupata da
George Soros, alumnus of the London School of Economics and Political Science, spoke at his alma mater (and my school, soon) to launch his new book. The lecture can now be watched on the LSE website. The comments were insightful.
Have you heard about the shady businessman George Soros? Some of his contributions include to Barack Obama's campaign, and even to the ACLU. And he's involved in their latest campaign to spread corruption around the US too (via Stop the ACLU):
The American Civil Liberties Union announced by far the largest fundraising campaign in its 88-year history Monday, eying a dramatic expansion of its work
“He’s back and guess what he’s betting against once again? The British pound.” — Sean Hyman
by Sean Hyman
Baltimore – (TFN): Remember George Soros, you know… the billionaire who got his “celebrity status” by betting against the British pound?
Well he’s back and guess what he’s betting against once again? The British [...]
Book Description
ISBN-0786312475
This interesting, readable, unauthorized biography of George Soros traces the life of a successful money manager across two continents.
A blue-eyed, blond boy who enjoyed playing a Hungarian version of Monopoly in Budapest soon was delivering deportation notices to other Hungarian Jews after the Jewish Council of Budapest recruited children for that task.
After WW
By Chris Baltimore
WASHINGTON (Reuters) - The phenomenal rise in oil prices show signs of a bubble, but a crash is not imminent, billionaire hedge fund manager George Soros told U.S. lawmakers on Tuesday.
“We are currently experiencing the bursting of a housing bubble and, at the same time, a rise in oil and other commodities which [...]
By Chris BaltimoreWASHINGTON (Reuters) - The phenomenal rise in oil prices show signs of a bubble, but a crash is not imminent, billionaire hedge fund manager George Soros told U.S. lawmakers on Tuesday."We are currently experiencing the bursting of a housing bubble and, at the same time, a rise in oil and other commodities which has some of the earmarks of a bubble," Soros said in prepared testim
George Soros chiude definitivamente la partita sulla As Roma. Attraverso una dichiarazione rilasciata a MF-Dow Jones da un suo portavoce, Michael Vachon, il magnate statunitense precisa che "non intende partecipare ne' direttamente ne' attraverso sue controllate ad un finanziamento finalizzato all'acquisizione della squadra di calcio" capitolina.
In questo modo viene smentito un suo potenziale
In a London Times interview, the world famous billionaire investor master, George Soros, said that UK economy will get hit harder than US economy despite the subprime meltdown that hit the United States. The main factor is the bubbling of U.K. Household debts which can badly affected the country's economy.The UK financial sector accounts for about 8.5 percent of the British economy, almost a point
~Snooper~Armitage - Plame - Wilson - Fitzgerald.There is an idiot down in Florida (the name will be revealed on the show today) that is calling for McClellam to testify about this NEW data brought out. Amazing.So, from an old post at Take Our Country Back...Now that it is publicly known that Libby was not the "leaker of a non-covert agent of the CIA" and that the trial of Libby was a political ho
George Soros thinks oil prices are starting to look like a classic bubble. His view is that current increases in the price of crude are based more on...
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Siamo alle battute conclusive. O quasi. Tramontata, di fatto, l’ipotesi Follieri, all’orizzonte rimane Soros. La trattativa tra i legali dei Sensi e quelli del novantasettesimo uomo più ricco al mondo, sarebbe giunta ad un punto preciso. Il magnate nato in Ungheria verserebbe, nelle tasche dei proprietari di Italpetroli, 210 milioni di euro circa per acquistare il 67% delle azioni della A.S.
Fatta? Non fatta? La firma domani? O martedì? Sono giorni decisivi, ormai, su questo non ci sono più dubbi: si decide il destino della Roma. Resta alla famiglia Sensi, o finisce nelle mani del magnate ungherese-americano George Soros? Dopo tanti ripensamenti, la famiglia Sensi avrebbe accettato l'offerta di Soros: 283 milioni di euro (e tanti investimenti, a cominciare da uno stadio nuovo stile
Potrebbe essere il 26 maggio la data decisiva per la cessione della società capitolina al magnate americano George Soros. Secondo La Gazzetta dello Sport, tre giorni fa ci sarebbe stato l'incontro decisivo tra le parti: Gian Roberto De Giovanni, legale dei Sensi, avrebbe incontrato a Milano Steven Horowitz, rappresentante della Inner Circle Sports. Si sarebbe trovato l'accordo per cedere l'intero
Con riferimento alle notizie diffuse da alcuni organi di stampa in merito agli assetti proprietari di A.S. Roma S.p.A., anche su espressa richiesta della Consob, si precisa quanto segue.
Compagnia Italpetroli S.p.A., nella sua qualità di controllante indiretta di A.S. Roma S.p.A., non ha ricevuto alcuna formale manifestazione di interesse, né offerta, di qualsivoglia ammontare, da parte di fondi
«Io non c'entro nulla». Così, entrando all'assemblea di Confindustria, l'amministratore delegato di Unicredit, Alessandro Profumo, risponde a chi gli chiedeva se venderebbe la As Roma al finanziere americano, George Soros. Unicredit controlla il 49% di Italpetroli, controllante del club giallorosso, mentre il restante 51% è nelle mani della famiglia Sensi.
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As one of the world’s leading hedge fund managers George Soros has a lot to gain by stirring up market gyrations. But a new Deutsche Bank survey of a thousand hedge fund investors found 80 per cent of participants bearish. Soros is no longer alone, indeed for a contrarian he is frighteningly close to the [...]
Billionaire investor George Soros said the "acute phase" of the global credit crisis is over, and the fallout will lead to recessions in the United Kingdom and the United States. "Financial institutions have been severely damaged and we are currently in a situation that will probably, I think almost inevitably, result in a recession certainly in the United States and most likely in England also
Quale sarà il futuro della Roma? Ancora non è dato saperlo e, di certo, il finanziere George Soros, considerato nei giorni scorsi un probabile acquirente per il club giallorosso, non ha intenzione di entrare in merito alla questione. Il magnate ungaro-americano intervistato dal Corriere della Sera, preferisce non toccare il tema riguardante la società giallorossa: "Mi vuole far parlare della Ro
Just wanted to let you know that you might want to look at the following two posts about “crash prophet” George Soros on our sister blog, Investorazzi.com:
“George Soros Warns Of Financial Crisis, Wealth Destruction” from May 15
The days of rapid financial wealth creation are over. We’re now in a period of wealth destruction. It is [...]
George Soros retired as a multibillionaire. But now he's back, hedging his wealth against what he calls the worst economic crisis in 75 years.(Money Magazine) -- Broke and friendless in postwar London, having just spent his last penny on food, 22-year-old George Soros made the first of a lifetime of prescient economic calls. "I have touched bottom," he told himself, "and I am bound to rise."As it
George Soros has taken the unpopular side of many economic bets over the years. He has not only lived to tell the tales. He has made himself and his investors...
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Da quanto si legge sul Corriere dello Sport, i rumors che filtrano dagli ambienti finanziari parlano ormai di una trattativa arenatasi sull'orgoglio di George Soros di fronte ai continui tira e molla della famiglia Sensi. Ma intanto altre voci di corridoio parlano di una ritirata strategica del magnate americano. Unicredit si è tirata fuori dalla questione, dichiarandosi uno "spettatore
Secondo il Messaggero, le prossime ore saranno decisive per la trattativa sull'acquisto della Roma. Il finanziere statunitense aspetta segnali dai Sensi entro la giornata di martedi. Se dovesse riceverne di positivi sarebbe disposto ad uscire allo scoperto. Sempre secondo il quotidiano, la dirigenza subirebbe forti pressioni anche da parte di unicredit che starebbe spingendo per una cessione.
La settimana prossima, secondo Il Corriere dello Sport, sarà decisiva per quanto riguarda la vicenda Soros. Non perchè il magnate americano abbia dato un ultimatum, ma perchè il 30 aprile è la data entro la quale la Italpetroli, e quindi la famiglia Sensi, deve presentare a Unicredit il piano di restrutturazione che prevede il rientro di 327 milioni di euro (su 372). I Sensi hanno due possibili
Steven Horowitz e Phill Hall, rappresentanti di ICS (Inner Circle Sports) advisor e mediatore nella partita che vede George Soros interessato alla A.S. Roma, sono arrivati ieri nella Capitale. L'obiettivo, è incontrare la famiglia Sensi, proprietaria della società giallorossa e, in particolare Gianroberto De Giovanni, legale vicino alla stessa famiglia.
(fonte agenzia radiocor)
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PAPERON DE’... PALLONI
Anche Glazer, Mr. United si inchina: ha 6 miliardi in meno
DANIELE GALLI
Ricco. Così ricco da fare schifo. Il patrimonio
personale di George Soros viene stimato in 9
miliardi di dollari. Ovvero, 5670 milioni di
euro. Ovvero ancora, circa 11mila miliardi di lire.
Nella classifica dei plurimiliardari stilata da Forbes
questo anziano (78 anni) magnate americano di origini
George Soros, l'uomo che vorrebbe comprare la Roma, conosce il mondo del calcio. E' nato a Budapest 78 anni fa, ha vissuto a Londra sino al 1956 e ora che ha fatto fortuna negli Stati Uniti continua a seguire regolarmente le vicende del calcio europeo. E anche italiano. Lo segue in tv. Conosce la Roma, è conosce anche Totti. Non è, insomma, uno sprovveduto in materia. E questo spiega il suo
A George Soros non piace dare ultimatum e quando sono
circolate ieri le voci di una possibile ultima chiamata per la famiglia
Sensi riguardo alla cessione della As Roma, ha alzato la cornetta del
telefono, chiamato i suoi piu' stretti collaboratori e fatto trapelare
"che non esiste alcun ultimatum", ma esiste solo un interesse per il club
giallorosso.
Tuttavia l'interesse, scrive MF, potrebbe
Agricultura, minério e crescimento domésticos posicionam bem o país, diz financista. Segundo o megainvestidor, perdas com a crise serão superiores à estimativa do FMI.
It is spring on Wall St. With the warmer weather comes hope that the big financial crisis which seems to have engulfed everything in the world over the last...
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According to Reuters via Yahoo Finance:
Soros says global subprime losses could top $1 trillion
NEW YORK (Reuters) - Billionaire investor George Soros said on Wednesday that global losses from the subprime mortgage debt crisis could top $1 trillion.
“Losses being recognized now amount to $1 trillion,” from the subprime mortgage debt crisis, said Soros, asked about an [...]
Il suo patrimonio è stato calcolato in 8,5 miliardi di dollari: secondo Forbes, è l'ottantesimo uomo più ricco al mondo. Si chiama George Soros, è di origine ungherese, ha 78 anni, divorziato due volte con cinque figli: emigrato negli Usa ha fatto fortuna con la Soros Fund Management. Appoggia Obama nella corsa alla Casa Bianca. E' lui che vuole la Roma: è interessato a fare un'offerta. Da circa
Nonostante le smentite di Rosella Sensi, il futuro della Roma potrebbe decidersi nei prossimi giorni. Secondo quando riporta la Gazzetta dello Sport, George Soros, che ieri si è limitato ad elogiare Francesco Totti, vorrebbe chiudere in breve tempo la trattativa, anche perché John Fisher non pare aver ancora mollato. Subito dopo la partita di Champions, i rappresentanti della Banca Rotschild,
April 7, 2008 Soros bearish on US' economic clout WASHINGTON - BILLIONAIRE George Soros said the United States' status as the world's economic superpower is no longer guaranteed, as the current financial crisis saps America's ability to compete with prospering China and India. Sub-prime mortgage defaults and the resulting credit convulsions have accelerated the US' weakening position in global markets, he said in an interview on Conversations With Judy Woodruff, airing on Bloomberg Television over the weekend. 'I think that you will have to somehow reconstruct the global architecture,' said Mr Soros, 77. 'China has become much more important, India, and so on. What kind of system will evolve of this, I think, is a very open question.' The market disruptions prompted him last year to resume
Billionaire George Soros called the current financial crisis the worst since the Great Depression and said markets will fall more this year after a brief rebound.``We had a good bottom,'' Soros said yesterday in an interview in New York, referring to the rally in stocks and the dollar after JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. on March 17. ``This will probably not prove to be the final bottom,'' he said, adding the rebound may last six weeks to three months as the U.S. moves closer to a recession.Soros has bet on declines in the dollar, 10-year Treasuries and U.S. and European stocks. He expected foreign currencies to rise, as well as Chinese and Indian equities. The latter bet helped Quantum return 32 percent in 2007. Quantum's returns this year have ranged from up 3 p
By Katherine BurtonApril 3 (Bloomberg) -- Billionaire George Soros called the current financial crisis the worst since the Great Depression and said markets will fall more this year after a brief rebound.``We had a good bottom,'' Soros said yesterday in an interview in New York, referring to the rally in stocks and the dollar after JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. on March 17. ``This will probably not prove to be the final bottom,'' he said, adding the rebound may last six weeks to three months as the U.S. moves closer to a recession.Last summer, worried about market disruptions that started with rising subprime-mortgage defaults, Soros, 77, returned to a more active role in managing the $17 billion Quantum Endowment Fund, whose profits pay for his philanthropic pro
La Roma ancora in primo piano per questioni finanziarie. La società giallorossa da mesi ormai è sulle prime pagine dei quotidiani per presunte offerte di acquisto ricevute. Nell'ultimo periodo si sono fatte sempre più insistenti, in particolare quelle che riguardano investitori statunitensi. Dopo le voci sulla cordata di Casy Wasserman e John J.Fisher, ora spunta un altro pool di finanziatori,
Vor wenigen Tagen eröffnete das Soros Centre in Almaty in neuen Räumlichkeiten eine neue Ausstellung mit dem Titel “Дом толерантности”,
also “Das Haus der Toleranz”. Vor allem die neuen Räumlichkeiten muss ich als sehr gut ausgewählt bezeichnen, in einem Idustriegebäude relativ zentral. Ein riesiger Raum, die Wände bis zur Mitte grün gestrichen, wie oft in [...]
George Soros, the real estate billionaire has acquired a 2.5-per cent stake in Indiabulls Real Estate (IRE), for Rs276 crore.
Soros’ hedge fund Quantum Fund picked up over 6 million Indiabulls Real Estate shares in the open market on Tuesday 18 March for Rs455.8 on a day when the shares closed 4.2 per cent down at [...]
Profile:
George Soros is known for the unmatched success of his Quantum Fund. A hedge fund guru, he is recognized for having the best performance record of any investment fund in the world over its 26-year history. A mere $1000 invested in 1969 when Soros established the Quantum Fund would have been worth $4 million by [...]
George Soros y Warren Buffet (del que hablabamos el otro dia link en esta seccion de grandes gurus bursatiles) son como el dia y la noche, si Buffet es el prototipo de la inversion en valor, buenas empresas, lideres de su sector y largo plazo, George Soros es uno de los especuladores mas afamados, admirados, controvertidos y sobre todo temidos de nuestro planeta. A lo largo de su trayectoria
From Billionaires Blog By Brendan MontagueA study that claimed 650,000 people were killed as a result of the invasion of Iraq was partly funded by the antiwar billionaire George Soros. Soros, 77, provided almost half the nearly $100,000 cost of the research, which appeared in The Lancet, the medical journal. Its claim was 10 times higher than consensus estimates of the number of war dead.The study, published in 2006, was hailed by antiwar campaigners as evidence of the scale of the disaster caused by the invasion, but Downing Street and President George Bush challenged its methodology.New research published by The New England Journal of Medicine estimates that 151,000 people - less than a quarter of The Lancet estimate - have died since the invasion in 2003.“The authors should have discl
- Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point.
- The...
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One of the world's best-known fund managers, George Soros, plans to invest in the oil palm plantation sector in Nanggroe Aceh Darussalam, its governor, Irwandi Yusuf, said Thursday after meeting with Soros in New York recently."He said that he was interested in developing an oil palm plantation of about 20,000 hectares during the first stage. This kind of investment could feed around 2,500 families in Aceh," Irwandi said as reported Thursday by Antara.Andi Haswidi, The Jakarta Post, JakartaIndonesia News Blog: http://indosnesos.blogspot.com
The MIT Department of Economics World Economy
Laboratory Conference Washington, D.C.
Delivered April 26, 1994
When Rudi Dornbusch invited me to speak at this conference, he gave me a totally free hand in deciding what I wanted to talk about. Well, I want to discuss a subject which fascinates me but doesn’t seem to interest others very much. That is my theory of reflexivity which has guided me both in making money and in giving money away, but has received very little serious consideration from anybody else. It is really a very curious situation. I am taken very seriously; indeed, a bit too seriously. But the theory that I take seriously and, in fact, rely on in my decision-making process is pretty completely ignored. I have written a book about it which was first published in 1987 under the title The Alchemy of Finance; but it received practically no critical examination. It has been out of print for the last several years but demand has been building up as a result of my increased v
“As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.”
George Soros (b. 1930) U.S. financial speculator, entrepreneur, and philanthropist
Three of the biggest names in the investing business all have one incredible industry in common. They all have stakes in major oil and gas plays. Argue global warming, environmental protection, and any other claim of criticism, but there is absolutely no doubt that these stocks are headed higher. Just take a look at each of their portfolios.
Among a highly developed and diverse portfolio, Warren Buffett holds companies like Burlington Northern (BNI), Washington Post (WPO), and Coca-Cola (KO). Outside of these foundation stocks is a company that Buffett had to begin disclosing a couple of years of ago, ConocoPhillips (COP). As of the latest portfolio update on Stockpickr.com, Buffett had about 2.1 percent of portfolio vested in the oil and gas industry through COP. It’s clear to see why Buffett has chosen ConocoPhillips, because the company is by far one of the best values in the sector at around 8x price-to-earnings, and has an impressive 2.16 percent dividend yield.
The highly a
George Soros initiated holdings in Food Products company Archer-daniels-midland Co. (ADM). His purchase prices were between $30.76 and $36.72, with an estimated average price of $33.6. The impact to his portfolio due to this purchase was 1.27%. His holdings were 858,500 shares as of 03/31/2007. Shares of Archer-daniels-midland Co. were traded at around $36.69.
Soros, while I could not disagree with his politics more, I cannot argue with his track record in his investments. He is truly one of...
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“I am cautious about going against the herd. I am liable to be trampled on.”George Soros (b. 1930) U.S. financial speculator, entrepreneur, and philanthropist
Axis of Soros - The men and motives behind the World Bank coup attempt. - Wall Street JournalExcerpt:"Mr. Malloch Brown, remember, was until last year Kofi Annan's deputy at the United Nations. In that position, he distinguished himself by spinning away the $100 billion Oil for Food scandal as little more than a blip in the U.N.'s good work, and one that had little to do with Mr. Annan himself. Last week, Mr. Malloch Brown was named vice president of the Quantum Fund, the hedge fund run by his billionaire friend George Soros. A former World Bank official himself and ally of soon-to-be British Prime Minister Gordon Brown, Mr. Malloch Brown would almost surely be a leading candidate to replace Mr. Wolfowitz should he step down. Not surprisingly, Gordon Brown cold-shouldered Mr. Wolfowitz at a recent meeting in Brussels.The bank presidency would be a neat coup for Sir Mark, and not just because the post has heretofore gone to an American. He also stands for everything Mr. Wolfowitz oppo
“Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really tough the authorities will step in.”George Soros (b. 1930) U.S. financial speculator, entrepreneur, and philanthropist
GrassrootsFreedom.com: Soros to Spend Hundreds of Millions on Politics in Undisclosed, Tax-Deductible Dollars Even under Grassroots LegislationExcerpt:"The following is a statement by Mark Fitzgibbons and GrassrootsFreedom.com, regarding grassroots legislation currently being considered by Congress as part of lobbying reform:"George Soros-financed Open Society Institute, a 501(c)(3) 'private operating foundation,' spent nearly $65 million financing mostly left-leaning 501(c)(3)s that engage in lobbying and/or public policy advocacy in just 2005 alone according to its tax return, IRS Form 990 available at Guidestar.com."http://sev.prnewswire.com/government/20070322/DCW11721032007-1.htmlAlex
George Soros blamed yen carry trades as one very important factor in the current turbulence in global financial markets. As the YEN is basically interest-free, a lot of money is coming from borrowing and lots of Japanese money are going abroad. As the YEN weakened, a lot of people got into yen carry trades, thus causing a shake-out in financial markets. Soros also attributed the turbulence partly to a slowdown in the US economy and the housing situation. A slowdown will lead the US economy to more balanced growth while faster growth elsewhere will help correct the US trade deficit but that will lead to less liquidity in the market, Soros said in an interview with the Financial Times.Soros predicted that the Chinese govt will try to prevent a collapse of mainland bourses in the run up to th
What will all of the Moron.org people think anout their leader buybig stock in the enemy. Soros spent oer $24 million of his own money trying to defeat George W Bush in the 2004 elections. He is the one that...
Obama Meets Party Donors in New York
Senator Barack Obama treaded onto Senator Hillary Rodham Clinton’s home turf last night to meet with prominent Democratic donors and feel out those who might prefer the sound of President Obama to President Clinton (as in Hillary, not Bill).
Amid intensifying presidential musings by Mr. Obama and Mrs. Clinton, Mr. Obama met with George Soros, the liberal billionaire philanthropist, and then some other donors last night at Mr. Soros’s offices.
One of the donors who met with Mr. Obama, and who spoke on condition of anonymity because he did not want to offend Mrs. Clinton, said that he and several others had supported Mrs. Clinton’s Senate campaigns but were not committed to her as a presidential candidate.
“I like Hillary a lot, but I’m also impressed with Obama — his message, the way he connects to people,” said the donor, a prominent New York business person. “It’s a little too early for Demo