George Soros

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Here Is The Exchange That Left A Stunned Janet Yellen Looking Like A Deer In Headlights





"if you're not going to give me the documents, exert your privilege, tell me your legal authority, why you're not going to provide this to us."

 

 
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"Fasten Your Seatbelts": Kyle Bass Previews The Collapse Of China's $34 Trillion Banking Sector





"We believe the epicenter of the problem is the Chinese banking system and its coming losses. Once analysts, politicians, and investors alike realize the sheer size of the impending losses and how they compare to the current levels of reserves, all focus will swing to the banking system."

 
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"Negative Rates Are Dangerous" OECD Chair Warns "Our Entire System Is Unstable"





"There is excessive debt everywhere and negative interest rates are dangerous... My number one fear? That’s the same as asking me where it will start. When you view the economy as a complex, adaptive system, like many other systems, one of the clear findings from the literature is that the trigger doesn’t matter; it’s the system that’s unstable. And I think our system is unstable... Central Bank models are just wrong"

 
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Kyle Bass Asks If China Is Fine, Why Are They So Worried About "Some Hedge Fund Manager In Texas"





“If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion - it’s so small it should be irrelevant and yet somehow it’s really relevant.”

 
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PBOC In Da House? Yuan Spikes To 3-Week Highs





Its deja vu all over again in the land of speculative Yuan shorts today. With Golden Week looming, it appears PBOC is stomping on the throat of speculative shorts in the offshore Yuan with another gross intervention. The last 2 days have seen "someone" panic-buying Yuan higher by a stunning 800 pips, smashing CNH back to 3-week highs when then PBOC last intervened in size...

 
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The Democracy Of The Billionaires





Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.” Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could already be fueled from the billions of dollars in contributions in play in election 2016. When considering the present donation season, however, the devil lies in the details, which is why the details follow.

 
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Clinton Gets $6 Million From Soros As Money Race Winners Revealed Ahead Of Iowa Caucus





On Sunday night we got a look at the 2015 campaign reports for US presidential candidates as the deadline for FEC filings came and went. There were a number of notable donations, but the headline grabber was George Soros who in the second half of last year gave $6 million to Hillary Clinton’s super PAC. Meanwhile, Donald Trump spent nearly $1 million on hats.

 
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"This Is Much Larger Than Subprime" - Here Are The Legendary Hedge Funds Fighting The Chinese Central Bank





Who are the brave souls who have decided to very openly fight the People's Bank of China? Here is a sample: Soros, Bass, Ackman, Druckenmiller, Tepper, Schreiber, Einhorn, Scogging, and Carlyle, Nexus and many more.

 
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George Soros Finally Suspends His Lifelong War Against Russia





On January 21st, George Soros, who has throughout his life been passionately opposed not just to communism but also to Russia, finally stated that the United States (and possibly the EU, but he says that the EU is in terrible economic shape itself) must now fund a new Marshall Plan for all of Europe, including, this time, even his bête noire: Russia. However, is he ending, or merely suspending, his lifelong war against Russia?

 
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China Injects Another $50 Billion Liquidity As Mysterious Panic Buyer Reappears In Offshore Yuan





The PBOC FX intervention team continue to be busy in offshore Yuan this week as for the 4th time in 3 days, a mysterious panic-buyer lifted CNH between 5 and 10 handles higher for no good reason other than to show George Soros (and Bill Ackman) who is boss (i.e. drive away the shorts). In keeping with the recent "stability" the Yuan fix was flat but another 340bn Yuan was injected - except China CDS pushes to Aug 2015 wides indicating severe stress and suggesting devaluation looms.

 
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China Says Soros "Hasn't Done His Homework," May Be "Partially Blind"





"So why do speculators make claims that run counter to reality? Analysts said it is because either the short-sellers haven't done their homework or that they are intentionally trying to create panic to snap profits."

 
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Is China About To Drop A Devaluation Bomb?





In concert with denial and obfuscation, pride and hubris may be clouding the image the Chinese have of themselves and their economy. What they are trying very hard NOT to communicate is how much pain their Ponzi debt burden has put them in. It’s not even fully clear to what extent Xi himself is aware of this, but he knows at least enough to keep his mouth shut on the topic. It’s quite possible that some of his top aides dare not reveal the real tally to their boss for fear of their jobs and heads. Beijing might solve some of these problems by devaluing the yuan by 30%, or even 50%, but it would invite a large amount of other problems in the door if it did. Like a full-blown currency war. Still, it’s just a matter of time till Xi and Li either do it voluntarily or are forced to by ‘the market’.

 
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