Soros Reveals He Is Short The S&P 500: Warns China Will Have A Hard-Landing, Says "Fed Hike Was A Mistake"

Tyler Durden's picture




 

There’s been no shortage of commentary from market heavyweights this week thanks to the World Economic Forum in Davos, but for anyone who hasn’t yet gotten their fill of billionaire talking heads, George Soros gave a sweeping interview to Bloomberg TV on Thursday, touching on everything from China to Fed policy to Vladimir Putin to Europe’s worsening refugee crisis.

As for China, Soros says he “expects a hard landing,” a contention we won’t argue with considering said hard landing probably arrived a year ago. "A hard landing is practically unavoidable," he said. "I’m not expecting it, I’m observing it. China can manage it. It has resources and greater latitude in policies, with $3 trillion in reserves." $3 trillion in reserves which, we might add, are rapidly evaporating. 

As for the Fed, Soros is on the policy mistake bandwagon, saying Yellen may have mistimed liftoff. That echoes sentiments voiced by Marc Faber among other prominent investors and speaks to what we’ve been saying since September, namely that December's hike might go down as the worst-timed rate hike in history. "The investor said he would be surprised if the Federal Reserve raised interest rates again after hiking them in December for the first time in almost a decade," Bloomberg writes. He, like Ray Dalio, says the FOMC is more likely to cut than hike going forward.

Draghi, Soros thinks, will ease further. No surprise there. This morning we got a bit of dovish jawboning out of the former Goldmanite and it seems likely that the ECB will move again in March given the rather dour outlook for inflation across the euro.

And speaking of inflation (or a lack thereof), Soros warns that deflation has indeed arrived and China, along with falling oil prices and raw materials, are the root causes.

He also voiced concern over the bloc’s refugee crisis and says he’s worried about the political fate of Angela Merkel. The EU, he contends, is falling apart.

Commenting on Vladimir Putin, the billionaire says the Russian President is operating from a position of weakness and thus has to act erratically and take “big risks.”

But the most important point - for markets anyway - came when Soros revealed that he is short the S&P, and long TSYs which again recalls Marc Faber's take on what's likely to work during a year in which the US slides into recession. Here was the reaction in equities:

Finally, speaking about the outlook for global growth, Soros says that although he "sees the light at the end of the tunnel," he "just doesn't know how to get there."

Neither do we.

Trade accordingly.

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Thu, 01/21/2016 - 16:37 | 7078724 Lost in translation
Lost in translation's picture

Why is this steaming pile of stool still breathing?

Thu, 01/21/2016 - 16:38 | 7078735 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

The rate hike was not a mistake and you know it Soros. It was done on purpose. 

Thu, 01/21/2016 - 16:42 | 7078752 InjectTheVenom
InjectTheVenom's picture

fuck off & die already Soros you sociopathic elitist pedophile p.o.s.

Thu, 01/21/2016 - 16:45 | 7078772 kliguy38
kliguy38's picture

Vee vill vin...no matter vat u do.......vee vin

Thu, 01/21/2016 - 16:51 | 7078800 Deathrips
Deathrips's picture

Hearing that im frontrunning this asshole on sp shorts/puts makes my day.

Fuck you SOROS

RIPS

 

 

 

Thu, 01/21/2016 - 16:55 | 7078817 Captain Debtcrash
Thu, 01/21/2016 - 17:03 | 7078852 Father Thyme
Father Thyme's picture

Yep, the Fed has been tasked with taking money from your 401K and putting it in Soros' pocket.

Simple as that.

Thu, 01/21/2016 - 17:06 | 7078861 froze25
froze25's picture

Gosh darn it, I am long USD and short stocks,Yen and every other currency (I have stated many times on other post). Now that this jerk said it and I know he lies for a living I have to reconsider my position.

Thu, 01/21/2016 - 17:31 | 7078964 Chris Dakota
Chris Dakota's picture

He seems so gay to me, no wonder he now backs the other homo Hillary.

Thu, 01/21/2016 - 17:37 | 7078995 besnook
besnook's picture

he looks like a pedophile who likes live snuff shows involving gentile chidren.

Thu, 01/21/2016 - 18:14 | 7079136 swamp
swamp's picture

And Swedish and German women as he unleashed a mass of rapists loose in Europe.

Thu, 01/21/2016 - 18:43 | 7079233 ali_baba
ali_baba's picture

Dont tell me hes a joo as well

Thu, 01/21/2016 - 18:56 | 7079274 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

May 'The Schwartz' be with you.

Thu, 01/21/2016 - 19:03 | 7079303 Squid-puppets a...
Squid-puppets a-go-go's picture

soros is a vampire requiring industrial quantities of blood

Thu, 01/21/2016 - 20:22 | 7079661 waterwitch
waterwitch's picture

green blood...

Thu, 01/21/2016 - 20:30 | 7079699 Dindu Nuffin
Dindu Nuffin's picture

https://www.youtube.com/watch?v=X3ihcfJdAMs

Soros is in no way, a political zionist.

We should all listen to him. :D

Thu, 01/21/2016 - 20:38 | 7079731 bamawatson
bamawatson's picture

his last name is pure evil when you spell it backwards

Thu, 01/21/2016 - 21:21 | 7079895 Stainless Steel Rat
Stainless Steel Rat's picture

George Soros = goose rogers

Usage: He really makes money when he goose rogers a currency.

Thu, 01/21/2016 - 21:21 | 7079897 Chris Dakota
Chris Dakota's picture

Fired Congressman Cantor takes a shot at Trump in Davos, because the elites don't want a Great America, they want an erased America.

Bloomberg reports that at Davos:

The prospect of Trump in the White House is ratcheting up anxiety among the 2,500 business and political leaders gathered at the Swiss ski resort for the annual World Economic Forum.

“Unfortunately I do think that if there were to be a Trump administration the casualty would likely be trade,” said Eric Cantor, a former Republican House Majority Leader and now vice chairman of Moelis & Company. “That’s a very serious prospect for the world.”

Trump should take Dave Brat who ousted Cantor as his VP.

Thu, 01/21/2016 - 21:54 | 7079920 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

It takes a real asshole to choose a name that's a palindrome.

Thu, 01/21/2016 - 22:37 | 7080132 Chris Dakota
Chris Dakota's picture

Child of Syrian refugees stabs 14 year old in the heart at school and he dies.

Syrian Father said they had a fight a few weeks ago and the school did nothing to help his son

establish his honor in school at all.

Parents of the other child said the Syrian sexually harassed a Lithuanian girl and he intervened.

He said the Swedes are afraid to talk, only in private. In Lithuania we discuss issues in public. If

my son was bullying the kid the school would have told me, and they didn't say a word.

These people that Obama, Hillary and Soros brought to Europe have no business being there. Their whacked out culture

is toxic to the West.

http://www.informationliberation.com/?id=53754

In other news white Ukrainian refugees are turned away from Germany.

So we know exactly what the Syrians are meant for, to destroy the white race, they already got one.

 

Fri, 01/22/2016 - 00:48 | 7080486 Seer
Seer's picture

Fucking shallow idiot.

The fucking wars brought this mess to Europe.

Regardless, demographics is calling it a dead end anyway.

Fri, 01/22/2016 - 07:53 | 7080945 Chris Dakota
Chris Dakota's picture

"demographics call it a dead end anyway"

talk about shallow...

You sound like a hardcore communist.

Im sure that I read you well.

 

All accounts will be settled

Fri, 01/22/2016 - 09:26 | 7081330 Nutsack
Nutsack's picture

Fucking shallow idiot. The fucking wars brought this mess to Europe. Regardless, demographics is calling it a dead end anyway.

 

Your name calling does not mask your incredible ignorance. This is all part of the Joo World Order, which is WHY SOROS IS SPENDING MILLIONS ENCOURAGING MUSLIM REFUGEES IN EUROPE.

 

The Joo World Order cannot flourish unless all white countries perish. Whites fight back against tyranny, at least they used to.


Fri, 01/22/2016 - 02:18 | 7080604 buttmint
buttmint's picture

bes nook

"...Soros gives a bad name to Satanists the world over!

 

sarc/

Thu, 01/21/2016 - 17:35 | 7078986 besnook
besnook's picture

if soros is talking his book he is covering his bets.

Thu, 01/21/2016 - 20:55 | 7079796 Mr. Magoo
Thu, 01/21/2016 - 21:22 | 7079902 Chris Dakota
Chris Dakota's picture

Where are the fuckin pitchforks?

Thu, 01/21/2016 - 16:55 | 7078819 Soul Glow
Soul Glow's picture

Soros reveals he is the same speculator that the regulators fear but because he is in on the fix there is nothing the moneychangers will do about it.  

Heads he wins, tails you lose.

Thu, 01/21/2016 - 18:19 | 7079158 Stuck on Zero
Stuck on Zero's picture

Is there some way to short Soros? 

Thu, 01/21/2016 - 18:52 | 7079258 cheech_wizard
cheech_wizard's picture

Only by running a chainsaw across his legs...

Thu, 01/21/2016 - 23:33 | 7080330 TungstenBars
TungstenBars's picture

*chuckles* 

Thu, 01/21/2016 - 17:05 | 7078859 NoVa
NoVa's picture

@ RPS -  that has been my trade Long SPXU and TLT.

Now, I'm starting to feel creepy - does my trade make me a Soros..???

 

NoVa

 

Thu, 01/21/2016 - 22:10 | 7080050 Deathrips
Deathrips's picture

"One of us always tells the truth and one of us always lies."Labarynth(SP)

 

Is not always true. Credibility is important to oligarchs. Sometimes they mix it up.
Fuck soros. Look at the fundamentals, then technicals and think!

Cheers

 

RIPS

 

Fri, 01/22/2016 - 00:51 | 7080494 Seer
Seer's picture

Well, like it or not, the FACT is that if you're here you're way above the average human on the planet.  The attraction is to stay above the masses.  More people need to look in the mirror: we are hardly that much different than the likes of Soros when compared to the hordes of people that our lifestyle and wealth are compared to.

750 MILLION people in India live on $0.50/day.

Fri, 01/22/2016 - 01:07 | 7080510 Deathrips
Deathrips's picture

Seer,

In positions of turbulence one must put their own oxygen mask on first.

Sustainability basics. Water, Food and Energy.

Through discovery we make it better. Build a basis level support. Most people work to put food on the table. How else could one say NO. Through discovery and competition through the haves...the have nots can benefit. Tools are available.

 

Im sure you can imagine th possibilities with relearned independence sustainability..Renaissance.

The real rubber to road moment is when you realize only you can move your feet and show the path.

Tis the way of life my friend. Cheers.

 

Back to the bar....

 

RIPS

Fri, 01/22/2016 - 12:02 | 7081964 Chris Dakota
Chris Dakota's picture

The head of Davos threatened One Billion refugees coming into Europe from Africa and Middle East, UNLESS the whole world is the same economically.  Weapons of mass destruction.

Jew World Order

of which you are one.

Fri, 01/22/2016 - 02:13 | 7080600 buttmint
buttmint's picture

...Soros gives Satanists a bad rap the world over...

 

 

sarc/

Thu, 01/21/2016 - 16:49 | 7078792 The central planners
The central planners's picture

The FED hike was not a mistake the FED itself is a mistake.

Thu, 01/21/2016 - 21:15 | 7079883 The Merovingian
The Merovingian's picture

Soros just needs to walk towards that light in the tunnel! Come on Georgie .... Walk to it Baby!

Fri, 01/22/2016 - 07:40 | 7080966 Janet Shalom Be...
Janet Shalom Bernanke's picture

Why should anyone listen to the slurring fool Soros.  We should instead hear from his 42 year old Asian wife, who from the look of it, will do pretty much anything for money to marry old George.  I guess she will be the fastest billionaire on record.  Now that is shrewd, cunning determination we want to learn from.

 http://www.dailymail.co.uk/news/article-2428855/George-Soros-does-The-billionaire-83-gets-married-time-LAVISH-wedding-42-year-old-fiance-New-York-estate-Saturday.html

 

Thu, 01/21/2016 - 16:47 | 7078782 seek
seek's picture

I think is has something to do with drinking the blood of infants, but that's just a rumor.

Thu, 01/21/2016 - 16:51 | 7078798 Implied Violins
Implied Violins's picture

"Soros says that although he "sees the light at the end of the tunnel," he "just doesn't know how to get there.""

That's because there won't be any light for you once you 'get there', you fucking worthless baby-eating SOB

Thu, 01/21/2016 - 17:11 | 7078873 froze25
froze25's picture

Not sure about drinking but I have heard and read that the old elites (queen of England, Soros and others) get blood transfusions from young people and it does work to slow down aging. Doesn't stop it but slows it down. Any one else remember a science channel episode when they showed using pig organ skeletons, they basically used dish washing detergent to only leave the structure of the organs from a pig. Then they used adult stem-cells to re-colonize the organ making a perfect match for the recipient? They had a heart pumping, lungs, kidneys... Anyone remember that? I wounder what happened to that.

Thu, 01/21/2016 - 17:18 | 7078920 gimme soma dat
gimme soma dat's picture

I believe that was an episode of The Simpsons.  After his anti-aging treatment Mr. Burns was mistaken for an alien.

Thu, 01/21/2016 - 17:14 | 7078898 SmokinMonkey
SmokinMonkey's picture

Soros is a dirty filthy pile of steamy smelly garbage

Thu, 01/21/2016 - 16:49 | 7078788 Dicey
Dicey's picture

ZH stop reporting on this evil satantists piece of filth, we don't want to know.

Thu, 01/21/2016 - 16:55 | 7078820 Bay of Pigs
Bay of Pigs's picture

Agreed. No reason to publish stories about this guy anymore. Nobody cares.

Thu, 01/21/2016 - 18:03 | 7079106 Ms. Erable
Ms. Erable's picture

The only story I want to see about ol' Georgie should appear in the Obituaries (preferrably with photos of the stake pounded through its heart to kill it).

Thu, 01/21/2016 - 21:24 | 7079905 Miffed Microbio...
Miffed Microbiologist's picture

Can you imagine the line to pee on this guy's grave? Probably would take years for people to get their chance. Who knows, could be as popular as Jim Morrison's at Pere LaChaise.

Miffed;-)

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