George Soros: It's 2008 All Over Again
Surging volatility in global equity, currency, and credit markets and significant stress in a major world economy have George Soros on edge. Speaking at an economic forum in Sri Lanka, the billionaire hedge fund manager warned global markets are facing a crisis and investors need to be very cautious. On the heels of the second trading halt in four days, Soros exclaimed "I would say it amounts to a crisis... which reminds me of 2008."
Volatility is surging everywhere...
And as Bloomberg reports, Soros is worried...
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.
China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive interest rates is a challenge for the developing world, he said, adding that the current environment has similarities to 2008.
...
“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”
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Of course, this is not the message central planners and TV anchors want the mainstream to hear. Every dip is a buying opportunity, and "long-term" is how everyone should invest... no matter that your assets dropped 20% in a week... long-term!!
How about this long-term?
(7 votes)
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George just wen all in on drudge. he's gonna need a LOT more QE money to get by. Oh, and middle class, die a slow and horrible death while he manipulats the media for his annual QE.
Lick my balls George.
Gross! How about, " Hey George stick your fingers up your ass and suck them. Oh, really, you already do that? Well then eat shit!"
So, George has opened his mouth. And the message is, something has reminder him of something else.
Are we supposed to care and analyze his words? Really?
God I hate what this man represents!
He, Jesus (GOD), already knows and will take care of it in due time, for time reveals the truth about all of us and for many that should be scary and for many that is the day of their triumph.
Soros couldn't be happier for now, for his joy will turn to great sorrow because he will be in the deepest pit of hell (yes there are degrees of hell, at least 3). Who says there is no justice with GOD?!
It should remind him of 08 because he helped facilitate it! He was the one who knew Lehman was is trouble and would fail but buys 9.5 million shares in August 08 just to pull the plug on it in sept 08. All part of his plan of collapsing economies and currencies for his Open Society crap. Just go read the book "In Fed We Trust" where Geithner, Paulson and Beranake all knew a Lehman was going to fail because they never planned on saving it in the first place.
Now if Soros would kindly go FOAD!
For the record I tried!
http://www.fool.com/investing/general/2008/08/19/george-soros-loves-lehm...
But isn't this the same guy who said ...
Confused? So am I. Soros has been one of the most vocal critics of financial firms. The first page of his latest book warns: "We are in the midst of the worst financial crisis since the 1930s. In some ways it resembles other crises that have occurred ... but there is a profound difference: the current crisis marks the end of an era of credit expansion ..." Earlier this year, he described the threads of credit default swaps linking financial firms together as "a sword of Damocles that is bound to fall." Yikes.
I think this time the crocodile tears are for real.. Soros like white paper to much (must have really hated that brown stuff from the '50's - '60's, you could write on it with ease)..
Banking on Ukrainian sand (manufactured and cleaned) that he couldn't get out.. there was to much and to much corruption and then the 'salting' sponge burned in "Sands", 2014, September.. three days billowing white smoke and bright as the sun.
Thought he would get this past the Russians.. LoL
This is all in the public domain
Oil and gas in the Ukraine, LoL.. they wanted sand and not fracking sand.. white beaches are for fracking and there are plenty of those in the US The cleaner fracking sand is in Illinois although...
George gave the signal....
Evil incarnate speaks...
"I would say it amounts to a crisis... which reminds me of 2008."
Add that one to the no shit file. What a freakin genius Soros is, he helps to systematically create a problem and then predicts it as it is happening. That's some pretty impressive stuff right there this guy must be a prophet.
Soros is buthurt.. sat down on a Russia built fire and didn't know it
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