George Soros

EB's picture

Keep Your Hands Off My FaceBook, George Soros; Filter Bubbles and the New P.C. Search

The push for soft internet censorship, brought to you by your favorite oligarchs.

Tyler Durden's picture

George Soros Turns (Semi) Austrian: "Why I Agree With (Some Of) Hayek"

Friedrich Hayek is generally regarded as the apostle of a brand of economics which holds that the market will assure the optimal allocation of resources — as long as the government doesn’t interfere. It is a formalized and mathematical theory, whose two main pillars are the efficient market hypothesis and the theory of rational expectations. This is usually called the Chicago School, and it dominates the teaching of economics in the United States. I call it market fundamentalism. I have an alternative interpretation — diametrically opposed to the efficient market hypothesis and rational expectations. It is built on the twin pillars of fallibility and reflexivity. I firmly believe these principles are in accordance with Hayek’s ideas. But we can’t both be right. If I am right, market fundamentalism is wrong. That means I must be able to show some inconsistency in Hayek’s ideas, which is what I propose to do.

ilene's picture

George Soros: The United States Must Stop Resisting The Orderly Decline Of The Dollar, The Coming Global Currency And The New World Order

Perhaps you believe that integrating our economy, our currency and our government with the rest of the world would be a wonderful thing. If that is the case, please feel free to leave a comment explaining exactly why globalism is such a wonderful thing for all of us....

Tyler Durden's picture

Hugh Hendry: "I Want To Bring George Soros Down"

In this interview by Bloomberg's Erik Shatzker (we have added the full interview, not the abbreviated version), Hugh Hendry tries hard not to dance on the euro's grave... and fails. He compares the European currency to the gold standard in the 1920's: "We are now seeing a conflict between domestic stability, prosperity and the need for external balance, and that typically rings the bell on such a system." He further discusses George Soros' recent media appearances and his recent Op-Ed in which as was noted, the Hungarian is very concerned about the eurozone courtesy of Germany's non-Keynesian actions. In tried and true fashion, Hendry doesn't mince his words: "George is someone we all aspire to match his brilliance. But remember the richest people in the planet become socialists. Socialism is a great thing for George. I want to bring George down. I want George's reputation. But George is now embracing socialism. Socialism is where you build a moat around the castle. I am spending all of my time trying to decide where I'm gonna live, because taxes country in this are so high, and less of my time trying to work out how do I surpass Soros and his reputation." And his take home message: "The noose is getting tighter and tighter... not in Europe, but in Asia."

Tyler Durden's picture

George Soros: "We Have Just Entered Act II Of The Drama" - Full Speech

Three days ago we brought attention to Soros' most recent outburst of negativity in a speech presented during a conference in Vienna, in which he said that "The collapse of the financial system as we know it is real, and the crisis is far from over. Indeed, we have just entered Act II of the drama." Below is the full text of Soros' speech. A teaser: "The first phase of the maneuver has been successfully accomplished – a collapse has been averted. In retrospect, the temporary breakdown of the financial system seems like a bad dream. There are people in the financial institutions that survived who would like nothing better than to forget it and carry on with business as usual. This was evident in their massive lobbying effort to protect their interests in the Financial Reform Act that just came out of Congress. But the collapse of the financial system as we know it is real and the crisis is far from over."

Tyler Durden's picture

Guest Post: Why George Soros' And John Paulson's #1 Position Is Gold And Gold Stocks

  1. Precious metal stocks are the most volatile asset class in the world because there is a community that thinks gold is functionally useless and a relic (governments and bankers) and a community that thinks only gold is money and money is gold (the gold bugs and 3 billion Asian peasants). Both are right.
  2. The key to trading gold stocks is the same as successful risk/reward management: knowing the 60/40 end of a winning proposition, money management and knowing thyself.
  3. Regular Technical Analysis will not work in the gold stocks market. In order to survive the market, you must learn which strength to sell and which weakness to buy.
  4. The precious metals complex goes up a set of stairs and comes down an elevator.
  5. One of the beauties of the gold market is you do not have to wait long to find out if you are trading the market right or wrong.

and much more

Tyler Durden's picture

George Soros Warns Of Biggest Market Crash To Come, As "We Are Facing A Yet Larger Bubble" Than During Credit Crisis

George Soros, speaking at a meeting organized by The Economist, warns all those who are throwing their money into the equity pit, that "the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis." Advice from Soros or from CNBC. You decide. Reuters reports that Soros said "the same strategy of borrowing and spending that had got us out of the Asian crisis could shunt us towards another crisis unless tough lessons are learned." We hope all those who are buying stocks have very tight stop loss triggers.

Tyler Durden's picture

George Soros On The Dollar, China, Goldman Sachs, And The Economy

"A decline in the value of the dollar is necessary in order compensate for the fact that the US economy will remain rather weak, will be a drag on the global economy. China will emerge as the motor replacing the US consumer and, of course, it’s a smaller motor because the Chinese economy is much smaller. So the world economy will have less of a motor, so it will move forward slower than it has in the last 25 years. But China will be the engine driving it forward and the US will be actually a drag that’s being pulled along through a gradual decline in the value of the dollar." - George Soros

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