George Soros

Tyler Durden's picture

Stan Druckenmiller's "Horrific Sense" Of Deja Vu: "I Know It's Tempting To Invest, But This Will End Very Badly"





“I just have the same horrific sense I had" before, Druckenmiller said to an audience at the Lost Tree Club in North Palm Beach, Florida (according to a transcript obtained by Bloomberg). "Our monetary policy is so much more reckless and so much more aggressively pushing the people in this room and everybody else out the risk curve that we’re doubling down on the same policy that really put us there."

 
Tyler Durden's picture

George Soros Warns Greece "Is Going Down The Drain"





“Right now we are at the cusp," billionaire George Soros tells Bloomberg TV in this brief clip, the chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain." The 84-year-old fears that talks between Greece and 'the institutions' could "break down," adding that  "Greece is a long-festering problem that was mishandled from the beginning by all parties," concluding that the chances of Greece leaving the euro area are now 50-50 and the country could go "down the drain." Finally, Soros notes, what worries him the most is Ukraine.

 
Tyler Durden's picture

Futures At Overnight Highs On China PMI Miss, Europe PMI Beat





It is a centrally-planned "market" and everyone is merely a bystander. Last night, following a dramatic China PMI miss, which as previously reported tumbled to the worst print since early 2014 and is flashing a "hard-landing" warning, the Shanghai Composite first dipped then spiked because all a "hard-landing" means is even more liquidity by the PBOC (which as we suggested a month ago will be the last entrant into the QE party before everyone falls apart). Then, this morning, a surprise beat by the German (and Eurozone) PMI was likewise interpreted by the algos as a catalyst to buy, and at this moment both European stock and US equity futures are their session highs. So, to summarize, for anyone confused: both good and bad data is a green light to buy stocks. In fact, all one needs is a flashing red headline to launch the momentum igniting algos into a buying spasm.

 
Tyler Durden's picture

Hedge Fund Manager Fears "Sudden, Pervasive Loss Of Faith" In Markets; Says "It's A Truly Scary Time"





First it was Sam Zell, warning "it's very likely that something has to give here." Then George Soros upped his market hedge drastically, followed by Carl Icahn's "worry about excessive money printing," adding that he was "very nervous" about US equity markets. "Financial markets are euphoric," warned Stan Druckenmiller, warning that "market participants are pricing in hardly any risks," and Crispin Odey explained "there are consequences to CB actions," stating that "we have front-row seats to an imminent market shock." And now hedge fund manager Andy Redleaf (who predicted "there is going to be a panic in credit markets," in 2007) has come out with the most ominous of warnings yet among the billionaire crowd... "I think it is a truly scary time."

 
Tyler Durden's picture

"An 'Old-Fashioned' Recession Is Spreading Across The World," Billionaire Hedge Fund Manager Warns





The bust of Aussie boom-towns, collapse of the mining industry, dramatic capital outflows, and a bursting housing bubble all have one thing in common, according to billionaire hedge fund manager Crispin Odey - "China is everything to Australia in lots of ways." Simply put, he tells The Australian Financial Review, economies dependent on China for income, including Australia, are headed for recession and central banks will not be able to able to come to the rescue because they have exhausted the arsenal of policy weapons. "We've got a very old-fashioned recession which is spreading across the world," and Australian banks face a tough time ahead too because there are indications bad debt risks are rising.

 
Capitalist Exploits's picture

Understanding the Markets Through Ab Workout [Thanks George Soros!]





Financial markets and investing reflect the same characteristics as my attempt at keeping fit

 
Tyler Durden's picture

Frontrunning: February 23





  • Tsipras Tamed as Economists Declare Greece Loses Austerity Fight (BBG)
  • Greece readies reform plans to first sign of leftist unrest (Reuters)
  • Yellen Faces Congress Amid Direst Threat to Fed Since Dodd-Frank (BBG)
  • The war must go on: Kiev says cannot withdraw heavy weapons as attacks persist (Reuters)
  • Ukraine fears spread of war after blast in eastern city (Reuters)
  • Denmark Dismisses Report It Could Consider Capital Controls (BBG)
  • Deadline Nears on Homeland Security Funding Impasse (WSJ)
  • Gross Fund Hurt by Oil’s Plunge Amid Bets on Energy Bonds (BBG)
 
smartknowledgeu's picture

The Necessity of Diversity to Understanding Truth





Diversity and the divergent thinking that arises from diverse perspectives are the most important teachers of critical thinking, and critical thinking, in turn, is the most important teacher of realizing the truth about almost all matters in life. We should all make a concerted effort to embrace as much diversity as possible in all facets of our lives.

 
Tyler Durden's picture

Meet The Extreme Super Rich: A List Of The 80 People Who Own As Much As The World’s Poorest 3.6 Billion





"Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen." There you have it. The reason the wealth of the richest has doubled since 2009, is because “it’s not a recession, it’s a robbery.” Central bank and government policy has done this, it is no accident.

 
Reggie Middleton's picture

Despite What You Don't Hear In The Media, It's ALL OUT (Currency) WAR! Pt. 1





Even if you think you know how competitive devaluation works, this primer is worth it because parts 2-4 of this series will blow your socks off leaving you wondering, "Damn, why didn't I tink of that?"

 
Tyler Durden's picture

How The Swiss National Bank Almost Crushed George Soros





Minutes after last week's Swiss National Bank shocker, jokingly we mused: "Will be ironic if Soros was long EURCHF." As it turns out, we were almost correct, and according to the WSJ, Soros Fund Management, which manages more than $25 billion for investor George Soros, was betting against the Swiss franc in the fall before it removed those bearish positions.  Why did the Soros so conveniently take off a bet which, with leverage, could have resulted in massive losses for his hedge fund? The WSJ says he did so after "viewing the risk as too high relative to potential gains, said people close to the matter." Well as long as "people close" think Soros did not have input directly from the Swiss central bank, or perhaps the occasional hint from Kashya Hildebrand, then one can't help but marvel at the octogenarian's impeccable timing.

 
Tyler Durden's picture

The Ghost In The Machine, Part 1





Everyone who lost money on the SNB’s decision to reverse course on their three and a half year policy to cap the exchange rate between the CHF and the Euro made a category error. Simply put, the rules always change as the Golden Age of the Central Banker begins to fade. The SNB decision was a wake-up call, whether or not you were directly impacted, to re-examine portfolios and investment behavior for category errors. We all have them. It’s only human. The question, as always, is whether we’re prepared to do anything about it.

 
Tyler Durden's picture

The Mysterious Sponsor Behind The Ferguson Protests And Media Campaign: George Soros





There’s a solitary man at the financial center of the Ferguson protest movement. No, it’s not victim Michael Brown or Officer Darren Wilson, or even the Rev. Al Sharpton, liberal billionaire George Soros donated $33million to social justice organizations, according to The Daily Mail's Kieran Corcoran, which helped turn events in Ferguson from a local protest into a national flashpoint. The handouts, revealed in tax filings from Soros's private foundation, were given to dozens of different groups which weighed in on the crisis, helping to keep events and messages at the top of news agenda.

 
Tyler Durden's picture

Blast From The (Recent) Past: Jim Grant Nails The SNB Decision





"we venture that the SNB will sooner or later be forced to permit the franc to appreciate and thus to enrich the holders of low-priced, three-year call options on the Swiss/euro exchange rate. It's a long shot, to be sure--the options are cheap for a reason--but we judge that the prospective reward is worth the obvious risk." - Jim Grant, Sept 14th, 2014

 
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