Author Topic: GEORGE SOROS  (Read 2780 times)

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GEORGE SOROS
« on: June 21, 2016, 07:32:28 AM »


BREXIT
George Soros says Brexit could trigger 'Black Friday,' and a recession
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A decision by the United Kingdom to exit the European Union would likely trigger a big sell-off in the pound, a sharp decline in household income and a recession, according to billionaire investor George Soros.

With just a few days to go before Britons will vote on whether to exit the EU or remain, Soros issued an urgent warning about potential consequences.

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"Too many believe that a vote to leave the EU will have no effect on their personal financial position," Soros wrote in an op-ed to be published Tuesday in the Guardian newspaper. "This is wishful thinking."
Citing estimates from multiple authorities including the Bank of England and the International Monetary Fund, Soros said the average income loss per household due to a falling British currency would be between £3,000 and £5,000 annually ($4,400 and $7,335).

Soros understands fluctuations in the British currency — he made a good chunk of his fortune betting against the pound in 1992. Now he is predicting that a Brexit would cause a 15 to 20 percent decline in the currency.

While the 1992 tumble ended up aiding the country in the long run, as it brought down interest rates and helped ignite a recovery, Soros said that this time around the devaluation would not be healthy.

He cited three reasons: The Bank of England could not cut rates from already low levels; the U.K. has a large current account deficit and likely would not see another inflow of cash; and the loss of currency value wouldn't help exports, because of uncertainty in trading conditions that the Brexit would trigger.

"I want people to know what the consequences of leaving the EU would be before they cast their votes, rather than after," Soros wrote. "A vote to leave could see the week end with a Black Friday, and serious consequences for ordinary people.

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GEORGE SOROS
« on: June 21, 2016, 07:32:28 AM »

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Re: GEORGE SOROS
« Reply #1 on: June 21, 2016, 10:27:39 AM »
Black Friday coming.....BREXIT coming...nationalist don't care bout economy...becoz freedom of nation comes first!

Besides...Brits are strong enuf to survive on own ah...pple still love Brit ah....Britney spears too.... Elizabeth huley...Kate Middleton......queen e too..... :D
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Re: GEORGE SOROS
« Reply #2 on: June 21, 2016, 10:55:09 AM »



Highlight
Soros says Brexit would make speculators rich, voters poor
By Bloomberg / Bloomberg   | June 21, 2016 : 10:20 AM MYT   
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NEW YORK (June 21): Billionaire investor George Soros said the pound may slump more than 20 percent against the dollar if British voters decided to leave the European Union, a devaluation bigger and more disruptive than when he profited by betting against the currency in 1992.

“Brexit would make some people very rich, but most voters considerably poorer,” Soros wrote in an op-ed published in the U.K.’s Guardian newspaper on Tuesday.

The pound would fall by at least 15 percent if the nation votes to leave the trading block and potentially more than 20 percent to below $1.15, the investor wrote. He said voters are grossly underestimating the true costs of Brexit, which will have an “immediate and dramatic impact” on financial markets, investments and jobs.

Governments and investors around the world are closely monitoring the June 23 referendum amid concern that a U.K. decision to leave the EU would spark turmoil across financial markets. The pound surged the most since 2008 on Monday, spurring a global rally in higher-yielding currencies, as polls signalled the campaign to remain in the EU was gaining momentum.

The day after the referendum, the pound will either sink to the lowest level in more than three decades or climb toward the highest this year, according to a Bloomberg survey of economists. In the event of a leave vote, most forecasters saw the pound falling to a range from $1.25 to $1.40, while a decision to remain could boost the currency within its current range or beyond $1.50.

A more than 20 percent slump would result in the pound at a level that would ironically mean the currency would be worth about one euro, a method of “joining the euro” that nobody in Britain would want, Soros said.

Soros said a large devaluation of the pound would be less benign than in 1992 because the Bank of England won’t be able to cut interest rates if voters decide to leave the EU since rates are already at low levels. The central bank will also have little room to move in the strong likelihood of a recession after Brexit caused by a decline in house prices and a loss of jobs.

“Today, there are speculative forces in the markets much bigger and more powerful,” Soros said. “And they will be eager to exploit any miscalculations by the British government or British voters.”

Soros cited Britain’s large current account deficit, larger than 1992 and 2008, saying the nation is more dependent than ever on foreign capital. After a Brexit, capital flows would reverse, especially during the two years of uncertainty when Britain negotiates its exit from the EU, he wrote.

Soros said a post-Brexit devaluation is unlikely to result in an improvement in manufacturing exports that was seen after 1992 because trading conditions will be too uncertain for British businesses to make new investments, hire more workers or add to export capacity.

Soros rose to fame as the money manager who broke the BOE in 1992, netting a profit of $1 billion with a wager that the U.K. would be forced to devalue the pound and pull it from the European Exchange Rate Mechanism. Soros said in the op-ed that he was “fortunate” to make a substantial profit for his hedge fund investors at the expense of the BOE and the British government.

The pound’s devaluation in 1992 “actually proved very helpful to the British economy, and subsequently I was even praised for my role in helping to bring it about,” he said.

Soros, who built a $24 billion fortune through savvy wagers on financial markets, returned money to outside investors five years ago and his New York-based firm, Soros Fund Management, now manages his own wealth

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Re: GEORGE SOROS
« Reply #3 on: June 21, 2016, 11:07:19 AM »
Black Friday coming.....BREXIT coming...nationalist don't care bout economy...becoz freedom of nation comes first!

Besides...Brits are strong enuf to survive on own ah...pple still love Brit ah....Britney spears too.... Elizabeth huley...Kate Middleton......queen e too..... :D

Brits national sovereignty sure comes 1st lah. Why allow EU to eat and swallow them and finally disappear from our earth ?

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Re: GEORGE SOROS
« Reply #4 on: June 21, 2016, 02:19:18 PM »



索羅斯:英脫歐、英鎊恐暴貶20% 比他92年襲英時更慘
回應(0) 人氣(755) 收藏(0) 2016/06/21 09:31
MoneyDJ新聞 2016-06-21 09:31:42 記者 郭妍希 報導
英國脫歐議題全球矚目,女議員考克斯(Jo Cox)因挺歐遭殺害,使得民意從脫歐再次向留歐傾斜。不過,脫歐派、挺歐派的支持度僅有些微之差,距離公投還有數日,民意風向瞬息萬變,屆時仍有翻盤可能。
曾在1992年成功狙擊英鎊、狠賺10億美元的「金融巨鱷」索羅斯(George Soros,見圖)警告,英國本週四(6月23日)若真的決定脫歐,則恐出現「黑色星期五」(Black Friday),估計英鎊恐暴貶逾20%,英國家庭的所得更可能嚴重縮水。
索羅斯曾在1992年建立高達100億美元的英鎊空方部位,導致英國保守黨政府因不敵投機客放空、無力維持英鎊的匯率下限而在同年9月16日被迫退出歐洲匯率體系(ERM),這一天被稱為黑色星期三(Black Wednesday)。

索羅斯20日在英國衛報(Guardian)發表專文警告,英國脫歐很可能會使英鎊遭到嚴重拋售、家庭收入也會急遽下滑,經濟則將陷入衰退。
索羅斯說,假如英鎊嚴重貶值,那麼根據英國央行(BOE)、 英國獨立研究機構「財政研究學會」(Institute for Fiscal Studies)和國際貨幣基金組織(IMF)的推算,在脫歐五年後,英國家庭每年的收入恐怕會萎縮3,000-5,000英鎊。
除此之外,還有更多衝擊會在脫歐後立即顯現。索羅斯指出,他之前在1992年9月狙擊英鎊、當時導致英鎊一口氣暴貶15%,但這次英國脫歐的破壞性將更加嚴重,估計英鎊至少會貶值15%、貶幅甚至可能超過20%,匯價則恐會從目前的1英鎊兌換1.46美元一口氣重貶至1.15以下(比公投前的1.50-1.60貶值25-30%)。諷刺的是,若英鎊跌到這個水位,則等同是與歐元平價,也算是「加入歐元」的一種方法,但相信絕非英國人所樂見。
另一方面,雖然許多支持脫歐的民眾已為英鎊可能重貶做好心理準備,但他們卻堅信貨幣貶值有利出口,因為1992年英鎊重貶後,反而為經濟帶來不少益處。
對此,索羅斯警告,事情不是大家想的那麼簡單,理由有三點:一、脫歐後可能讓房價下滑、工作機會減少,但英國央行這次卻無法像1992年那樣大幅降息刺激景氣,因為目前利率早已在英國銀行能穩定經營的低水位;二、英國目前的經常帳赤字比1992年或2008年還要多出不少,對外國資金的仰賴程度為史上高,但英國脫歐後至少需兩年的時間和歐盟議定脫離條款,這樣的不確定性肯定會引發資金外逃;三、英國脫歐導致的英鎊暴貶,無法像1992年那樣提振製造業的出口活動,因為整個貿易環境會充滿疑慮,英國企業將對新的投資案與昭聘計畫轉趨保守。
索羅斯認為,當前市場的投機勢力比過去還要強大有力,這些人將在英國政府或選民做出錯誤決策之際、伺機強取豪奪,英國脫歐後會有一部分人變得非常有錢,但多數選民卻將面臨財富嚴重縮水的命運。


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Re: GEORGE SOROS
« Reply #5 on: June 21, 2016, 03:49:39 PM »



The Big Guns Are Out: Soros, Rothschild Warn Of Brexit Doom; Osborne Threatens With "Suspending" Market

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by Tyler Durden - Jun 20, 2016 6:32 PM
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The big guns are officially out.

Just yesterday, we recounted the story of "Black Wednesday" when on September 16, 1992, the UK was forced out of the EU’s exchange-rate mechanism, or ERM, when the BOE tapped out and allowed the British pound to float freely, leading to 15% losses in the sterling. As we noted, this was George Soros' infamous trade which "broke the Bank of England" and made the Hungarian richer by over $1.5 bilion.

24 years later Soros is back, and this time he is warning against the kind of devaluation that made him a billionaire and which he believes will be unleashed by Brexit, when in a Guardian Op-Ed he wrote that U.K. voters are “grossly underestimating” the true costs of a vote to leave the EU, saying that there would be an "immediate and dramatic impact on financial markets, investment, prices and jobs."

He predicts that the pound would decline "precipitously", seeing a gargantuan drop of at least 15% and possibly >20% to below $1.15. Considering it has now become trendy for analysts to come up with ever "doomier" forecasts of just how low cable would plunge in case of Brexit, we are surprised Soros stopped there.

Here Soros makes the distinction how the collapse in cable would be different from the one that made him richer by saying that this devaluation wouldn’t be “healthy” like the one in 1992 because BOE wouldn’t cut rates, U.K. has large current account deficit and devaluation unlikely to improve manufacturing exports this time. Just don't tell that to the BOJ, which would gladly leave the EU - twice if it had to - if it meant a 20% devaluation.


“Brexit would make some people very rich - but most voters considerably poorer”; “there are speculative forces in the, markets much bigger and more powerful" than the speculators that profited from the 1967 devaluation at Britain’s expense. "A vote to leave could see the week end with a Black Friday, and serious consequences for ordinary people."

Here is the gist of Soros' scaremongering, from the Guardian op-ed titled "The Brexit crash will make all of you poorer – be warned":


David Cameron, along with the Treasury, the Bank of England, the International Monetary Fund and others have been attacked by the leave campaign for exaggerating the economic risks of Brexit. This criticism has been widely accepted by the British media and many financial analysts. As a result, British voters are now grossly underestimating the true costs of leaving.
 
As opinion polls on the referendum result fluctuate, I want to offer a clear set of facts, based on my six decades of experience in financial markets, to help voters understand the very real consequences of a vote to leave the EU.
Of course, Soros' set of facts may be clouded by his far greater equity stake in equity interests around Europe, and the globe, which would be drastially impacted by not only a Brexit, but by a European Union which is suddenly on the rocks.

From that point on, Soros' entire analysis is on the "worst case" scenario centered around a collapsing pound, something which most ironically every other central bank around the globe is so desperate to achieve:

... sterling is almost certain to fall steeply and quickly if there is a vote to leave– even more so after yesterday’s rebound as markets reacted to the shift in opinion polls towards remain. I would expect this devaluation to be bigger and more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors, at the expense of the Bank of England and the British government.
At least he is honest.

It is notable that Soros' warning comes just days after that of Jacob Rothschild himself who said in another Op-Ed, this time for The Times, that leaving the EU could lead to a "damaging and disorderly situation" in the UK as he urged Britons to vote 'remain'. Just like Soros, Lord Rothschild, suddenly exhibiting a rare strain of humanitarian concern, said readers should not "risk the wellbeing of our country"and European countries are "better off together".

He said that "at present we enjoy being a permanent member of the UN security council and we are essential to the G8 and Commonwealth. But diplomacy, defence, the environment and our values of being a liberal democracy will all be at risk" adding that "I can see no good reason why we should accept our playing a diminished role on the world stage," especially if his own personal fortune would be jeopardized.

* * *

Finally, completing the doom loop, was none other than Chancellor George Osborne who, according to the Telegraph, "refused to rule out suspending trading on the London stock market if Britons vote to leave the European Union on Friday morning... The threat from the Chancellor, made in an LBC radio interview on Monday evening, after the market had closed could force shares down in London as early as Tuesday morning."

Iain Dale, the presenter, asked Mr Osborne: “If the financial markets do plummet on Friday would you have to consider suspending trading on the FTSE?”
 
The Chancellor responded: “Well look, the Bank of England and the Treasury – Governor Carney and myself – we have of course discussed contingency plans.
 
But the sensible thing is to keep those secret and make sure you are well prepared for whatever happens but if you set them all out in advance then you rather undermine the power of those plans.”
 
Pushed again on the contingency plans, Mr Osborne said: “I have a responsibility to the people listening to this programme to do all I can to protect them.  “But I have to tell you that you cannot in the end protect people from the economic shock that leaving the EU would bring about.”
And in case the threat of shuttered markets was not enough, Osborne also hinted at imminent mass layoffs, suggesting that redundancy notices could be issued hours after Britons vote to leave the EU at the vote.


Mr Osborne pointed to warnings from the London Stock Exchange there would be 100,000 job losses in the City after a Brexit.
 
Mr Osborne was challenged about whether redundancies warned by the bank JP Morgan could come as early as Friday – the day after the referendum. Mr Osborne replied: “I think that will start to happen very quickly, sadly.”
Amid all this gloom, Osborne presented the "only" alternative that would not lead to the imminent economic collapse he so forcefully imagines:

"he added that if the UK voted to remain there would be a “quick snap back” for the British economy, he said that “decisions will be taken and investment will come in”. Asked if these redundancy notices would be issued on Friday morning if Britons vote to leave, Mr Osborne said: “That will start to happen very quickly sadly.”
Now if only the people will do what these noble public servants tell to do in their own best interest...

Finally, Osborne also played down claims he could be forced to leave the Treasury after the referendum amid anger form Tory backbenchers over the way he has campaigned, saying: “It’s really not about my job”.

Oh but is George, just like it is in Soros and Rothschild's own self interest for the people to vote "Remain." To suggest otherwise is naive, but it may also be irrelevant. With just three days until the vote, the scaremongering tactic, not to mention the murder of an innocent woman, may have already done its job judging by the reveral in public opinion.

In any case, one can only hope that unlike the case of the failed Greek referendum where the people voted one way only to get the opposite, no matter how the Brits vote, it will truly represent the democratic will of the majority and that particular outcome is what they get

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Re: GEORGE SOROS
« Reply #6 on: June 23, 2016, 08:22:15 AM »



Is Soros Wrong?

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by Tyler Durden - Jun 22, 2016 3:03 PM
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Two days ago, none other than the man who "broke the Bank of England" in 1992 when the UK was forced out of the ERM, handing Soros a $1.5 billion payday, penned an Op-Ed titled "The Brexit crash will make all of you poorer – be warned" in which he laid out the "facts" saying that "sterling is almost certain to fall steeply and quickly if there is a vote to leave– even more so after yesterday’s rebound as markets reacted to the shift in opinion polls towards remain. I would expect this devaluation to be bigger and more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors, at the expense of the Bank of England and the British government."

Of course, what Soros meant is that in his older and far wealthier years, when his net worth is a function of perpetuating the status quo, he would be "fortunate enough" for nothing to change, for the UK to remain part of the EU, and for the current bout of volatility to pass.

But is he right?

That is the question that Albert Edwards tries to answer today in a note that takes a step back from the scaremongering campaign, and compares the outcome of tomorrow's events with what happened in September 1992.

First, here is his "big picture" view, showing what happened to UK unemployment in 1992 shortly after "Black Wednesday" - it tumbled alongside the pound.


There is an argument that a Brexit might look similar to the aftermath of sterling?s ignominious exit from the ERM on ?Black Wednesday? 16 September 1992. After this much-feared event, the UK economy actually recovered strongly and unemployment fell sharply (see chart below). In a current environment where central banks and governments have failed to generate a strong enough economic recovery to normalise interest rates amid persistent deflationary pressures, one would have thought a substantial decline in one?s currency would be welcomed ?- for that is one way to inject a modicum of inflation back into the economic system. But even in the event of a Remain vote, sterling is in trouble.
 

What follows is Edwards' critique of Soros. This is what he said.


I was reading George Soros? interesting oped in the UK?s pro-Remain Guardian newspaper, under the banner title “The Brexit crash will make all of you poorer – be warned” with the subtitle “My 60 years of experience tells me the pound will plummet, along with your living standards. The only winners will be speculators”. He believes that sterling will decline some 20% from current levels in the event of a Brexit vote, but that comparisons with sterling?s ejection from the ERM in September 1992, when the economy benefited greatly and ?Black Wednesday? was renamed ?Happy Wednesday?, are wrong. People might forget that back in 1992 we were told by the then Government of the day that leaving the ERM would be disaster as it was the anchor for our economic policy. It was not a disaster ? quite the reverse.
 

 
The Soros article makes it clear he believes the UK will not benefit from a substantial sterling decline in the event of Brexit, in the same way it did in the aftermath of the September 1992 ejection of sterling from the ERM ? quite the reverse. Boiling his highly eloquent argument down to its essence, Soros thinks the key is that interest rates fell substantially subsequent to Black Wednesday, from 10% the day before to just 6% only three months later. He does not believe monetary policy will be eased subsequent to a Brexit. Second, the UK has a very large current account deficit (see chart below) and Brexit will cause funding pressure resulting in capital flight. Third, post-Brexit uncertainty will prevent higher investment and jobs growth to take advantage of the weaker sterling, and the UK would be left with a sharp squeeze on household incomes due to higher import prices.
 

 


So is Soros wrong? According to Edwards, the predicted 20% devaluation of sterling would be sufficient to offset any other potential negatives.

George Soros may well be right. But thinking about this from the point of view of my Ice Age thesis, where interest rates cannot be normalised because of economic weakness and deflation pressures persisting throughout this recovery, I would have thought a 20% sterling devaluation is exactly the antidote needed in the current circumstances. Yes of course a fall in sterling increases import prices and squeezes household real incomes, but the booming profits companies enjoy from a weaker sterling should generate a virtuous wage price spiral and take us away from the deflationary abyss that awaits all developed economies in the next recession. This is exactly what Abenomics was all about in Japan. Hence I would be much more positive about the immediate post-Brexit economic outlook than Mr Soros.
Incidentally, this is what we have said all along: in a world in which central banks rush to devalue their currency at any means necessary just to gain a modest competitive advantage in global trade wars, a GBP collapse is precisely what the BOE should want, if it means kickstarting the UK economy? To be sure, if given half the chance to devalue the Yen by 20%, we are confident Shinzo Abe would would gladly exit not only the EU but the entire world if possible.  After all, Mark Carney would have a vastly cheaper currency without doing any unorthodox monetary policies that have marked the global arena of the past 7 years in hopes of stimulating not so much growth as inflation.

Edwards does agree with Soros on one thing, however:

Where I do agree is that the UK current account deficit is huge, reaching 5.2% of GDP for 2015 as a whole ? the largest peacetime deficit since 1832 (the deficit incidentally is entirely due to the UK?s imbalance with the rest of the EU). In the final quarter of last year the deficit ballooned out to 7% of GDP ?- wow! And that is not all. There is another key deficit problem. For in sharp contrast to other countries and Chancellor Osborne?s rhetoric, there has been an almost total lack of discretionary fiscal tightening in the UK (see chart below). The UK economy is a mess ?- see "?The UK is a ticking time bomb?". I think sterling will end up falling substantially whether the UK stays or leaves the EU ?- it is just a matter of timing.
In other words, even if it avoids Brexit, the UK economy will only get worse, until it ultimately is forced to engage in precisely the action that will lead to the outcome that Soros is earning against. Only then the scaremongering campaign will be about the terrible world that would result if the BOE is not allowed to devalued the Sterling.

As for whether Soros is right or wrong, or if his warning will be promptly forgotten in case of a Leave vote, we will have the answer shortly

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Re: GEORGE SOROS
« Reply #7 on: June 24, 2016, 11:44:36 AM »



                         :thumbsup: :thumbsup: :thumbsup:

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Re: GEORGE SOROS
« Reply #8 on: June 24, 2016, 11:49:58 AM »
 :).....choked sorrow,now all way soiled!!! :'( :S :S

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Re: GEORGE SOROS
« Reply #9 on: June 24, 2016, 11:52:40 AM »


重出江湖

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Re: GEORGE SOROS
« Reply #10 on: June 24, 2016, 11:57:15 AM »
 :)........Xiao 0u jain hu ;)....,mei yu li hai,zhi yu sang hai!!! :S :S :S

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Re: GEORGE SOROS
« Reply #11 on: June 24, 2016, 12:03:09 PM »
 :(...........ying siong ye shuo,wan shi  tzi ren hwei wei!!! :speechless:

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Re: GEORGE SOROS
« Reply #12 on: June 24, 2016, 12:11:52 PM »


行家—出手,

就知有料无!

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Re: GEORGE SOROS
« Reply #13 on: June 24, 2016, 12:27:39 PM »
 ;)..........siang zhong guo,poa zhu jin zai yin han!!! :thumbsup:

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Re: GEORGE SOROS
« Reply #14 on: June 24, 2016, 01:53:43 PM »
Sorrows .... the main cause of today global bloodi mkts ?  :sweat: :sweat: :sweat:

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Re: GEORGE SOROS
« Reply #15 on: June 24, 2016, 02:17:21 PM »
Sorrows .... the main cause of today global bloodi mkts ?  :sweat: :sweat: :sweat:


 :thumbsup: :thumbsup: :thumbsup:

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Re: GEORGE SOROS
« Reply #16 on: June 24, 2016, 02:24:09 PM »
Soros (傻佬in Cantonese) wins again!
Never con anyone so don't blame me if you lose money.

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Re: GEORGE SOROS
« Reply #17 on: June 25, 2016, 05:40:23 AM »




PROWATCHLIST 


BREXIT
Soros, Druckenmiller among hedgies profiting in market plunge
Kate Kelly   | @katekellycnbc
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Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' surprise decision to exit the European Union, according to people familiar with the matter.

Saba Capital, the credit hedge fund in New York, and a flagship fund at the London investment firm Odey Asset Management were two beneficiaries of the "leave" victory in the U.K. overnight, according to these people. And so-called "macro" fund managers George Soros and Stanley Druckenmiller, who run private firms managing family money through investments in a range of assets, appeared to be benefiting from long positions in gold, according to filings, though their overall performance numbers weren't clear.
Saba, run by the fund manager Boaz Weinstein, was up primarily on positions that benefited from volatility — a combination of holdings that included equity put options in Europe and Asia and credit-default swaps, or insurance policies on debtors unable to pay off their debts, one of these people said.

With nearly 13 percent upside through the end of May, Saba is one of the better performing hedge funds this year, according to an industry poll conducted weekly by HSBC.

At the same time, Odey Asset Management, which runs a variety of funds, was up 15 percent in its flagship fund by the close of European markets on Friday, according to people familiar with the matter. (Nonetheless, with declines of more than 26 percent through mid-June, according to HSBC, in its European fund, Odey has been home to some of the worst performance numbers so far this year.)
Odey, which manages about $10 billion, is headed by Crispin Odey, an outspoken advocate for Britain's exit from the EU who according to sources familiar with the matter commissioned private polls to get an early gauge on the potential outcome of Thursday's referendum vote.

George Soros
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George Soros
His firm's flagship fund benefited, however, from various short positions put on many months before Britons went to the polls, including bearish bets on China, emerging markets, material and cyclical stocks, luxury stocks, and a number of currencies, according to people familiar with the matter. Odey's fund was also bullish on gold, these people added.

"Ordinary people have spoken and broken ranks with the experts and their political leaders," Odey said in an e-mailed statement on Friday. "This reflects proper disaffection in a world of low growth and almost no productivity growth, which can only get worse if unanswered. This is a black day for those who would prefer decisions to be made in darkened rooms by experts. What a day. But it must not go to waste and we must remember how close it was but also how brave a decision it was!"
A spokesman for Saba declined to comment on specific performance figures.
Elsewhere in the market, a stunning 4.5 percent jump in the price of gold created paper profits for Soros and Druckenmiller, both of whom held bullish positions in the yellow metal, according to recent regulatory filings.
Ahead of the referendum Soros, who runs the $30 billion Soros Fund Management and recently took a more active role in the company's trading, argued passionately for Britons to stay in the EU.

"Too many people believe that a vote to leave the EU will have no effect on their personal financial position,"Soros wrote in an op-ed piece published by the Guardian newspaper earlier this week. "This is wishful thinking."

He added that in the wake of an exit vote, the British pound would fall precipitously — as it did Friday — and that there would be "an immediate and dramatic impact on financial markets, investment, prices, and jobs." Whether Soros's portfolio was positioned specifically to benefit from a British exit of the EU, however, through a long bet in the pound or other means, was never clear.
Notwithstanding that, some of Soros Fund Management's positions seemed to be rallying on Friday.

Its holdings in the miner Barrick Gold, its top stock position, and in the SPDR Gold Trust, an exchange-traded fund tracking the commodity were both up markedly. Put options he recently held in the S&P 500 would also appear to have benefited from a roughly 3 percent drop as of Friday afternoon.

At the same time, Soros holdings in European equities like the real-estate company Kennedy-Wilson were notably down. A spokesman for Soros declined in an email Friday to comment on the fund's positions or performance.
Druckenmiller, a well-known macro manager who runs Duquesne Family Office, owns a variety of tech and other equities in his portfolio, but also has a considerable position in call options on a gold ETF, recent filings state.

At an investment conference in early May where he decried the Federal Reserve's post-recession monetary policies and expressed deep concern about the economy, he touted gold, without naming it. "It has traded for 5,000 years and for the first time has a positive carry in many parts of the globe," he said. "Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation."

Druckenmiller declined to comment on Brexit in an e-mailed statement yesterday, but said that his views on gold had not changed.

—CNBC's Wilfred Frost contributed to this report

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Re: GEORGE SOROS
« Reply #18 on: June 25, 2016, 08:42:32 AM »
A gold rush now will make SOROS rich! Rich! Blardy rich!
U want carry gold around to pay for goods?  :D

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Re: GEORGE SOROS
« Reply #19 on: June 25, 2016, 09:20:42 AM »



Soros looks set to make a killing on Brexit result

By Mark DeCambre
Published: June 24, 2016 9:59 a.m. ET

     220 
Reports hint Soros turned bearish on stocks
Bloomberg
Bearish bets by George Soros are panning out in a big way Friday.
George Soros may be getting rich on an implosion in British markets — again.

The landmark vote in the U.K. to leave the European Union has rocked global markets, sending the British pound GBPUSD, -8.0543% to its lowest level in more than 30 years. Futures for the Dow Jones Industrial Average DJIA, -3.39% plunged as much as 700 points at one point, and Europe’s benchmark stock index SXXP, -7.03%  was facing its worst one-day plunge since 1987.

Read: MarketWatch’s recap of the Brexit vote

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It is precisely the scenario of which Soros, writing in Britain’s Guardian newspaper last week, warned. The global financial carnage and Friday’s tumble could be adding to the wealthy investor’s bankroll, if reports are true.

Soros is famous for breaking the Bank of England — and lining his pockets — in 1992 with a bet against the British pound, which resulted in sterling’s ejection from the European exchange-rate mechanism.

Soros Fund Management, which manages some $30 billion for Soros and his family, has been scooping up gold assets and placing wagers that stocks will tumble, according to a Wall Street Journal report earlier this month.

In early electronic trade Friday, gold futures GCQ6, +4.43%  stampeded to their highest level in two years. Although they’ve cooled somewhat, the yellow metal was still at $1,328.20 an ounce. It has drawn safe-harbor bids due to investors’ worries that the so-called Brexit, as a British exit from the EU has come to be known, could destabilize Europe’s trade bloc.

Soros bought some 19 million shares in gold miner Barrick Gold Corp. ABX, +5.79% in the first quarter, according to recent public filings. He also bought a large stake in the silver-focused mining operation Sliver Wheaton Corp. SLW, +2.21% .

And Soros may not be the only prominent investor making out like a bandit.

Duquesne Capital’s Stanley Druckenmiller, a former Soros associate, and Paul Singer, head of the hedge fund Elliott Management, have been advocating buying gold to guard against market shocks.

Soros’s exact positioning isn’t known because his public fillings only offer a snapshot of his long investments. The SEC requires any institutional investment manager with positions of at least $100 million to reveal all long stock positions held at the end of each quarter.

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Re: GEORGE SOROS
« Reply #20 on: June 25, 2016, 09:36:12 AM »
Bornoil? Goreng to 90sen again? :kiss:
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Re: GEORGE SOROS
« Reply #21 on: June 25, 2016, 12:00:12 PM »



英国脱欧
索罗斯又大捞一笔?
100点看 2016年6月25日
亿万富豪索罗斯
亿万富豪索罗斯

 


(综合报道)英国市场纷纷不支倒地,亿万富翁投资者索罗斯可能又要捞得一笔横财。

据外媒报道,公投让英国脱离了欧盟,也撼动了全球市场,使得英镑跌到逾30年低点。道琼指数期货一度大跌达700点,泛欧指数亦面临自1987年以来最大单日跌幅。

这情况正如索罗斯上周在英国《卫报》上所写的警告一般。全球金融屠杀及周五的挫跌,可能让这位巨富投资人的帐户,又丰满了不少。

索罗斯於1992年放空英镑,大败英国央行,让自己荷包满满,且声名大噪。同时还导致英镑退出了欧洲汇率机制(ERM)。

根据华尔街日报在6月9日的一篇文章中指出,索罗斯基金管理公司近来一直大买黄金资产,并押注股市大跌。

周五,黄金期货上涨到了二年高点。虽然小幅回档,仍达每盎司1328.20美元。因担忧英国脱欧将使得欧盟不稳,黄金获得了大量避险买盘支撑。

根据最近的公开申报资料显示,今年第一季,索罗斯大买了黄金矿场Barrick Gold股票约1900万股。他还买了大量白银矿场Sliver Wheaton的股权。


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Re: GEORGE SOROS
« Reply #22 on: June 26, 2016, 05:38:00 AM »



Soros FAIL: The Man Who Broke the Bank of England Can’t Make Them Stay
POLITICSJune 25, 2016 A+A-EMAILPRINT
 
 
George Soros—the multi-billionaire “man who broke the Bank of England”—couldn’t convince the British people to Remain.
Soros took on a very active and public interest in the Leave vote in the days leading up to his victory by penning a sky–is–falling piece for The Guardian that claims to be concerned about the financial well-being of the average British voter but left out the devastating effect Soros’s own profit-taking had on the people in the aftermath of 1992’s infamous Black Wednesday.

Soros hints at his financial gain in his Guardian piece, without giving his readers much detail, writing that should England vote to leave:

I would expect this devaluation to be bigger and more disruptive than the 15% devaluation that occurred in September 1992, when I was fortunate enough to make a substantial profit for my hedge fund investors, at the expense of the Bank of England and the British government.

CNN admits Soros profited from Black Wednesday:

September 16, 1992 – Soros bets $10 billion against the value of the British pound. After the currency collapse, known as “Black Wednesday,” Soros makes up to $1 billion and becomes known as the man who “broke the Bank of England” by the London press.

The cost to the UK Treasury was £3.4 billion and the effect on the public was equally devastating. A real estate crash followed as did job losses.

While George Soros profited from Black Wednesday, so did both the Tories and Labour, something Soros actually takes credit for it in his Guardian piece:

In 1992 the devaluation actually proved very helpful to the British economy, and subsequently I was even praised for my role in helping to bring it about.

Praise? Not from everyone and certainly not from the people whose lives were broken when Soros broke the Bank of England. Even left-leaning, Nobel prize-winning American economist Paul Krugman had harsh words for Soros, saying of him and his ilk in a 1999 book:

Nobody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit.

George Soros wanted voters to think that his meddling in the Leave vote was simply due to his sincere concern for working people, and not on whatever calculations he is making behind the scenes trying to cash in on currency trading.

Unfortunately for Soros, British voters ignore the establishment and made up their own minds.

The establishment, the media, and George Soros got a short sharp shock in England on Thursday. In November, we will all find out if they get one in America

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Re: GEORGE SOROS
« Reply #23 on: June 26, 2016, 05:43:18 AM »




Brexit Decision Sets Up MA$$IVE Win For George Soros
By Daniel Lipson on June 25, 2016 in Articles › Billionaire News
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When hedge fund billionaire George Soros bets his money on large investments, others take notice. Back in 1992, he broke the British pound by betting against it in favor of the German mark. Now that Brexit has rocked the British pound to its lowest level in 30 years, he's uniquely qualified to make huge gains after betting heavily on crumbling stocks.

Soros believes China is also set for a hard-landing as capital leaves the country due to mis-allocating capital investment. The devaluation of the Chinese yuan will deflate the global economy further. Soros has also bet against the U.S. stock market and increased investments in defenses, including electronic materials.

Soros Fund Management, which handles around $30 billion for Soros and his family, has been investing in gold assets and placing wagers that stocks will tumble. Gold is at its highest level in two years, at $1,328.20 an ounce. Soros bought 19 million shares in gold miner Barrick Gold Corp., as well as the silver mining operation Silver Wheaton Corp.

Hungarian-born US chairman of the Soros Fund Management, George Soros, arrives to attend a session of the 6th annual conference of the Institute for new economic thinking (INET) at the OECD headquarters in Paris on April 9, 2015. AFP PHOTO / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)

ERIC PIERMONT/AFP/Getty Images
His dismal predictions come at a time when the S&P 500 is at a record high, while corporations, nations, and consumers are at an all time low. Typically, investors like Soros thrive in unstable markets.

Investors will buy and convert borrowed money at fixed rates, then wait for it to drop before buying more to repay their debt. A month's difference trading in weak currency can equal over 25% profit. For people with credit lines like Soros, that number is something like 560%.

It's a bit interesting that Soros tends to want to be perceived as helping the banks, despite profiting off of the turbulence. Soros predicted the European Exchange Rate Mechanism would fail ever since the fall of the Berlin Wall in 1989. It soon became clear that Britain and Italy were having a tough time with their currency compared to France and Germany.

When Soros made his move in 1992, it helped to balance things out. Perhaps his next move will do the same.

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Re: GEORGE SOROS
« Reply #24 on: June 26, 2016, 05:53:26 AM »



Brexit wound: UK vote makes EU decline 'practically irreversible', Soros says
Javier E. David   | @TeflonGeek
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The United Kingdom's fateful decision to break away from the European Union makes an eventual dissolution of the 28 member bloc "practically irreversible," billionaire financier George Soros wrote on Saturday.

In a somber post at Project Syndicate, Soros, who rose to prominence by speculating against the British pound—immortalizing him as the man who broke the Bank of England—speculated that the U.K.'s referendum to split from the EU is likely to hasten the breakup of the entire EU.

Brexit, combined with Europe's festering migrant crisis, has created a "catastrophic scenario" that has grave consequences for Britain and the world economy, Soros wrote, "making the disintegration of the EU practically irreversible."

Noting that Scotland is agitating to leave the U.K., Soros said the county itself "may not survive" the decision to leave Europe.

"But the implications for Europe could be far worse," Soros cautioned. "Tensions among member states have reached a breaking point, not only over refugees, but also as a result of exceptional strains between creditor and debtor countries within the euro zone."
Soros, a polarizing figure who is known for financing left-wing causes, is an enthusiastic backer of European integration. In 1992, he dealt a fatal blow to Britain's participation in Europe's exchange rate mechanism—the precursor to the single currency.
"The consequences for the real economy [from Brexit] will be comparable only to the financial crisis of 2007-2008," wrote the billionaire, adding that a domino effect could potentially end decades of continental unification.

Brexit "is sure to be fraught with further uncertainty and political risk, because what is at stake was never only some real or imaginary advantage for Britain, but the very survival of the European project," he added. "Brexit will open the floodgates for other anti-European forces within the Union."
Already, political opposition is mobilizing in other countries opposed to further European integration. Barely a day after the U.K. referendum, parties in places like the Netherlands and Austria suggested they might hold votes of their own.
A report in the U.K. publication The Express said the German government was bracing itself for the possibility of at least 5 more countries threatening to leave the EU. In his article, Soros said a potential threat also comes from Italy, where the populist Five Star Movement may rise to power as a "full blown banking crisis" looms.

The billionaire ended on a slightly optimistic note by saying that proponents of European integration "must not give up. Admittedly, the EU is a flawed construction."

However, he added, "all of us who believe in the values and principles that the EU was designed to uphold must band together to save it by thoroughly reconstructing it. I am convinced that as the consequences of Brexit unfold in the weeks and months ahead, more and more people will join us.

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Re: GEORGE SOROS
« Reply #25 on: June 26, 2016, 04:08:52 PM »



Brexit wound: UK vote makes EU decline 'practically irreversible', Soros says
Javier E. David   | @TeflonGeek
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George Soros
The United Kingdom's fateful decision to break away from the European Union makes an eventual dissolution of the 28 member bloc "practically irreversible," billionaire financier George Soros wrote on Saturday.

In a somber post at Project Syndicate, Soros, who rose to prominence by speculating against the British pound—immortalizing him as the man who broke the Bank of England—speculated that the U.K.'s referendum to split from the EU is likely to hasten the breakup of the entire EU.

Brexit, combined with Europe's festering migrant crisis, has created a "catastrophic scenario" that has grave consequences for Britain and the world economy, Soros wrote, "making the disintegration of the EU practically irreversible."

Noting that Scotland is agitating to leave the U.K., Soros said the county itself "may not survive" the decision to leave Europe.

"But the implications for Europe could be far worse," Soros cautioned. "Tensions among member states have reached a breaking point, not only over refugees, but also as a result of exceptional strains between creditor and debtor countries within the euro zone."

'We must not give up'

A European Union flag, with a hole cut in the middle, flies at half-mast outside a home in Knutsford Cheshire after today's historic referendum on June 24, 2016 in Knutsford, United Kingdom.
Getty Images
A European Union flag, with a hole cut in the middle, flies at half-mast outside a home in Knutsford Cheshire after today's historic referendum on June 24, 2016 in Knutsford, United Kingdom.
Soros, a polarizing figure who is known for financing left-wing causes, is an enthusiastic backer of European integration. In 1992, he dealt a fatal blow to Britain's participation in Europe's exchange rate mechanism—the precursor to the single currency.
"The consequences for the real economy [from Brexit] will be comparable only to the financial crisis of 2007-2008," wrote the billionaire, adding that a domino effect could potentially end decades of continental unification.

Brexit "is sure to be fraught with further uncertainty and political risk, because what is at stake was never only some real or imaginary advantage for Britain, but the very survival of the European project," he added. "Brexit will open the floodgates for other anti-European forces within the Union."
Already, political opposition is mobilizing in other countries opposed to further European integration. Barely a day after the U.K. referendum, parties in places like the Netherlands and Austria suggested they might hold votes of their own.
A report in the U.K. publication The Express said the German government was bracing itself for the possibility of at least 5 more countries threatening to leave the EU. In his article, Soros said a potential threat also comes from Italy, where the populist Five Star Movement may rise to power as a "full blown banking crisis" looms.

The billionaire ended on a slightly optimistic note by saying that proponents of European integration "must not give up. Admittedly, the EU is a flawed construction."

However, he added, "all of us who believe in the values and principles that the EU was designed to uphold must band together to save it by thoroughly reconstructing it. I am convinced that as the consequences of Brexit unfold in the weeks and months ahead, more and more people will join us."

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Re: GEORGE SOROS
« Reply #26 on: June 26, 2016, 05:06:52 PM »
The United Kingdom's fateful decision to break away from the European Union makes an eventual dissolution of the 28 member bloc "practically irreversible," billionaire financier George Soros wrote on Saturday.

***exitssss to come very soon !

Bow chow see  :'( :'( :'(

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Re: GEORGE SOROS
« Reply #27 on: June 26, 2016, 05:11:18 PM »
Sorrows ... the ketua promoter of the break-up of EU ?

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Re: GEORGE SOROS
« Reply #28 on: June 27, 2016, 06:36:13 PM »



George Soros did not bet against sterling just before Brexit vote: Spokesman
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George Soros, the billionaire who earned fame by betting against the pound in 1992, did not speculate against sterling just ahead of Britain's vote to leave the European Union but he did profit from other bearish bets due to the Brexit result, a spokesman said.

"George Soros did not speculate against sterling while he was arguing for Britain to remain in the European Union," a spokesman for Soros said on Monday. "In fact, he was long the British Pound leading up to the vote."

"However, because of his generally bearish outlook on world markets, Mr. Soros did profit from other investments," the spokesman said.

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Re: GEORGE SOROS
« Reply #29 on: June 28, 2016, 07:18:30 AM »



Soros Suffers Major Loss On Long Pound Trade Ahead Of Brexit

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by Tyler Durden
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It is somewhat ironic that the man who made a $1.5 billion profit on Black Wednesday in 1992 when he bet against the pound sterling ahead of the UK exit from the ERM would be the same one to suffer major losses on the same currency 24 years later.  According to Bloomberg, Soros was long the pound before Britain’s vote to leave the European Union on Friday, and didn’t “speculate against sterling while he was arguing for Britain to remain,” a spokesman said in an e-mailed statement Monday. In other words, Soros did put his money where his Op-Ed was.

As a reminder, before the Brexit vote, Soros warned in a Guardian Op-Ed that the pound could slump more than 20% against the dollar as voters were grossly underestimating the true cost of Brexit. Sterling plunged 8.1 percent on Friday to its lowest level in more than three decades, and tumbled again on Monday.

It is more interesting, however, what Soros' trade is following his Op-Ed sequel in which he said that the "catastrophic scenario that many feared has materialized, making the disintegration of the EU practically irreversible" adding that "The consequences for the real economy will be comparable only to the financial crisis of 2007-2008."  If he is again trading as per his conviction, we would expect Soros to now be negative the EUR much more so than the GBP, which is now merely sliding lower in attempts to spook and punish the UK public into changing its mind into voting Remain in a potential second referendum as a result of the ongoing financial turbulence.

“Britain eventually may or may not be relatively better off than other countries by leaving the EU, but its economy and people stand to suffer significantly in the short to medium term,” Soros wrote in his June 25 essay. Financial markets “are likely to remain in turmoil as the long, complicated process of political and economic divorce from the EU is negotiated,” he said.

However, despite the historic crash in the pound, which tumbled over 8% on Friday and has slid nearly another 4% this morning, almost triple the loss the currency suffered on Black Wednesday, it appears that Soros was well hedged: “Because of his generally bearish outlook on world markets,” Soros did profit from other investments, according to the statement. As a reminder, on June 9 the WSJ reported that Soros Returns To Trading With "Big, Bearish" Bets On Economic Turmoil.

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Re: GEORGE SOROS
« Reply #30 on: June 28, 2016, 09:00:46 AM »



英鎊恐跌至1.25?索羅斯也看走眼、未事先放空
回應(0) 人氣(2152) 收藏(0) 2016/06/27 16:37
MoneyDJ新聞 2016-06-27 16:37:16 記者 陳苓 報導
英國公投脫歐太意外,就連以放空英鎊成名的金融巨鱷索羅斯(George Soros)都看走眼,未能把握機會做空!發言人表示,公投結果宣布前,索羅斯看多英鎊,沒有預先做空。
金融時報27日報導,索羅斯先前警告,選民嚴重低估英國脫歐的代價,他預言倘若英國脫歐,英鎊兌美元將狂貶20%,英鎊兌歐元也會跌至平價,並稱災難情節化為現實,歐盟解體已經無法逆轉。發言人表示,索羅斯大聲疾呼英國留在歐盟,並未做空英鎊,公投前持續看多。
發言人強調,儘管索羅斯沒有放空英鎊,他在其他方面的空頭部位,仍讓他從英國脫歐震撼彈中,大賺一筆。

上週五(24日)英鎊一度重挫10%,創下史上最大單日跌幅;英鎊兌歐元也大跌5.6%。今日英鎊兌美元續貶2%。
巴倫(Barronˋs)報導,里昂(CLSA)的Eric Fishwick預估,英鎊將會續貶,跌至1.25兌1美元,英鎊兌歐元則會走向平價。他的理由是英國央行(BOE)雖將積極提供流動性、甚至干預匯市,但是英國央行的外匯存底少,並基本堅守市場機制,匯率多由市場力量決定,不太可能大力阻貶。英國央行護盤力道將相當有限,可能只要確保市場能有序運作。
曾在1992年成功狙擊英鎊、狠賺10億美元的「金融巨鱷」索羅斯警告,英國若真的決定脫歐,則恐出現「黑色星期五」(Black Friday),估計英鎊恐暴貶逾20%。
索羅斯曾在1992年建立高達100億美元的英鎊空方部位,導致英國保守黨政府因不敵投機客放空、無力維持英鎊的匯率下限而在同年9月16日被迫退出歐洲匯率體系(ERM),這一天被稱為黑色星期三(Black Wednesday)。
索羅斯20日在英國衛報(Guardian)發表專文警告,英國脫歐很可能會使英鎊遭到嚴重拋售、家庭收入也會急遽下滑,經濟則將陷入衰退。
索羅斯指出,他之前在1992年9月狙擊英鎊、當時導致英鎊一口氣暴貶15%,但這次英國脫歐的破壞性將更加嚴重,估計英鎊至少會貶值15%、貶幅甚至可能超過20%,匯價則恐會從目前的1英鎊兌換1.46美元一口氣重貶至1.15以下(比公投前的1.50-1.60貶值25-30%)。諷刺的是,若英鎊跌到這個水位,則等同是與歐元平價,也算是「加入歐元」的一種方法,但相信絕非英國人所樂見


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Re: GEORGE SOROS
« Reply #31 on: June 29, 2016, 05:59:28 AM »



How They Hedged Brexit: Soros Was Short Deutsche Bank, Druckenmiller Was Long Gold

Tyler Durden's picture
by Tyler Durden
Jun 28, 2016 8:15 AM
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As we reported yesterday, one of the bigger losers from the Brexit referendum was none other than Soros, who as it turned out had put his money where his "doom and gloomy" Guardian Op-Ed was and as a spokesman said, Soros was long the pound before Britain’s vote to leave the European Union on Friday, and didn’t “speculate against sterling while he was arguing for Britain to remain.”

Soros wasn't the only one long sterling. According to internal UBS flow data, the pound saw the strongest normalized net inflows in G-10 in the lead up to the U.K. referendum on EU membership, recording the second-strongest week of net buying in over a year and a half suggesting hedge funds bought the pound aggressively before the vote. Curiously, as UBS also notes, despite buying GBP at the highest level since 2008, outflows from the pound recorded on the Friday after the referendum outcome were only marginal despite a 17-big- figure sell off in morning trading.

But back to recently bearish Soros, who many were surprised to see have an unhedged position going into such a major event. Well, as it turns out Soros was hedged after all.

As Bloomberg reports, Soros Fund Management took a short position in Deutsche Bank AG of about 7 million shares, or a total notional of about $100 million, as turmoil from the U.K.’s decision to leave the European Union sent bank stocks lower. The position taken on Friday was equivalent to 0.51 percent of Deutsche Bank’s share capital, according to a German filing published on Monday. The document doesn’t show at which price the fund took the position.

Deutsche Bank shares fell 16% at the open on Friday and closed down 14 percent at 13.37 euros. Their highest price that day was 13.95 euros. At that level, a 0.51 percent stake would be worth about 98 million euros ($108 million). After extending losses on Monday, the shares were trading 4.5 percent higher at 10 a.m. Tuesday in Frankfurt.


In other words, Soros' Op-Ed which was subtitled "The Brexit crash will make all of you poorer – be warned", should have added that "it will also make me richer via my Deutsche Bank short."

Soros was not the only one who hedged. As Reuters reported overnight, Stanley Druckenmiller's Duquesne Family Office LLC was long gold futures ahead of last week's vote in Britain to leave the European Union, a source familiar with the matter said on Monday.

Gold soared on Friday in its best day since 2009, hitting two-year highs as uncertainty after Britain's vote to leave the European Union pushed investors to sell equities and seek safer assets. The size of the trade was not known

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Re: GEORGE SOROS
« Reply #32 on: June 29, 2016, 07:07:40 AM »



Soros Lost Big on the Pound This Time
ADDTHIS SHARING BUTTONS17329
Blog/BRITAIN
Posted Jun 28, 2016 by Martin Armstrong
Soros George
COMMENT: Soros has been long gold and sold all his stocks. He made a fortune.
REPLY: No professional trader tells people what he will do in advance. Those announcements were made AFTER Soros took a position. I believe they were stories to create his exit. You get people rushing in who think they are joining him when they are being used for the exit.
George Soros is reported by Bloomberg to have been on the wrong side for he was long in the pound before Britain’s vote to leave the European Union on Friday. That means he probably sold the gold positions and used that hype as the exit. He clearly assumed BREXIT would not happen. However, Soros is generally a bear in world stock markets and this is the majority of the crowd. Soros also donated $8 million to Hillary along with the worst of the worst from Wall Street.

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Re: GEORGE SOROS
« Reply #33 on: June 29, 2016, 08:08:06 AM »



金融大鱷!索羅斯放空後德意志銀行週一創歷史新低
回應(0) 人氣(1904) 收藏(1) 2016/06/28 17:02
MoneyDJ新聞 2016-06-28 17:02:55 記者 賴宏昌 報導
德國媒體《世界報(Die Welt)》報導,聯邦公報文件顯示,傳奇投資人喬治索羅斯(George Soros)的投資公司「索羅斯基金管理公司(Soros Fund Management LLC)」上週五放空德意志銀行(Deutsche Bank AG)約700萬股、相當於0.51%的在外流通股票。
報導指出,義大利銀行股重挫可能也跟索羅斯有關。義大利主要銀行「裕信銀行(UniCredit)」在6月27日創下史上最低紀錄。
英國金融時報28日引述消息人士談話報導,義大利總理Matteo Renzi準備用英國脫歐(Brexit)所引發的動盪來當作紓困銀行業的藉口。報導指出,義大利有600家銀行、他們的總分行數較比薩店還要多。

歐洲央行(ECB)首席經濟學家普雷特(Peter Praet)上個月表示,日益高升的壞帳以及成本意味著歐洲銀行業面臨嚴重的獲利衝擊風險。德意志銀行27日創下史上最低收盤紀錄(12.54歐元)以及史上盤中最低價位(12.07歐元)。
Thomson Reuters報導,法國BPCE銀行集團(當地第二大零售銀行)董事長Francois Perol 4月在義大利一場閉門經濟研討會場外受訪時表示,就某種程度來說歐洲銀行業目前的處境比2009年全球金融危機更加令人憂心。根據研究機構Impresa Lavoro的統計,2009-2014年期間義大利宣告破產企業家數(75,000家)高居已開發國家之冠、導致銀行業背負龐大壞帳。


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Re: GEORGE SOROS
« Reply #34 on: June 29, 2016, 07:53:53 PM »



Will the eurozone come crashing down? George Soros bets €100m AGAINST Deutsche Bank

BILLIONAIRE investor George Soros took out a staggering €100MILLION bet that a major German bank would collapse after Britain decisions to cut ties with the crumbling EU.

By REBECCA PERRING
PUBLISHED: 04:02, Wed, Jun 29, 2016 | UPDATED: 08:06, Wed, Jun 29, 2016
   
   
   
   
   
776
   
41
George Soros placed a €100m bet on a German banks collapse GETTY
George Soros placed a €100m bet on a German banks collapse
The man who "broke the Bank of England" took a short position of 0.51 per cent in Deutsche Bank shares on Friday - the day after the people of Britain backed Brexit.

In growing signs that desperate Angela Merkel's economy is struggling in the wake of the nation's decision to leave the EU - Soros Fund Management said its short position was now 0.46 per cent - suggesting it had begun to take profits from the trade.

Since the momentous decision, shares at Deutsche have dramatically slumped.

At one point, shares were down by more than 13 per cent compared with Friday's high point.

RELATED ARTICLES
Hedge fund billionaire makes £200million by betting on Brexit
George Soros: EU collapse is 'practically IRREVERSIBLE' after Brexit
The German bank has suffered a slump in shares since Brexit GETTY
The German bank has suffered a slump in shares since Brexit
Banks across Europe have been left battered by Britain's decision to turn its back on Brussels in a historic referendum on June 23
By early on Tuesday afternoon, they were down by 7.9 per cent from that level.

Marshall Wace, a British hedge fund, also took a big bet against Deutsche Bank.

Banks across Europe have been left battered by Britain's decision to turn its back on Brussels in a historic referendum on June 23, but Deutsche Bank is especially troubled.

The bank, which is undergoing a deep restructuring, has been * by the fallout from the financial crisis, posting a record loss of €6.8billion in 2015.


Brexit: What happens next
Fri, June 24, 2016
After yesterday's referendum, here is a look at what will happen immediately following the historic vote for Britain to leave the EU.
   
   
   
   
PLAY SLIDESHOW
Brexit: What to expect nextAFP/GETTY IMAGES1 of 14
Brexit: What to expect next
Brexit: What to expect next
David Cameron resigns
Martin Schulz
EU referendum
British Prime minister David Cameron gestures as he delivers a speech during a press conference during an European Union summit
Reactions on British vote to leave EU
Sterling has plunged
The Bank of England
The Government will need to create new British legislation as EU laws
Nicola Sturgeon
Labour Party Leader Jeremy Corbyn leaves his home on June 24
German chancellor Angela Merkel arrives
Boris Johnson
Barack Obama
Banks across Europe appear to be suffering post Brexit GETTY
Banks across Europe appear to be suffering post Brexit
Deutsche bank CEO John Cryan GETTY
Deutsche bank CEO John Cryan
Around a year ago, John Cryan took over as the bank's new CEO, with a clear mandate to slah jobs and costs.

Since then the bank's share price has dropped by nearly 60 per cent, making it one of the lowest-valued international banks.

It comes after Mr Soros who banked profits of $1bn by famously positioning himself against sterling 22 years ago, said a British exodus from the bloc would make the eventual dissolution of the EU "practically irreversible".

The veteran investor, 85, said that Brexit was the final nail in the coffin for the EU.

Mr Soros made around £690m after his infamous bet that sterling was overvalued against the Deutsche Mark, which forced former Prime Minister John Major to pull the pound out of the European Exchange Rate Mechanism (ERM)

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Re: GEORGE SOROS
« Reply #35 on: June 30, 2016, 03:13:01 PM »



索羅斯偷笑?IMF:德銀對全球金融系統構成最大威脅
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MoneyDJ新聞 2016-06-30 09:01:57 記者 賴宏昌 報導
「金融大鱷」喬治索羅斯(George Soros)的德意志銀行(Deutsche Bank AG)空單部位獲得國際貨幣基金組織(IMF)的另類背書?
華爾街日報29日報導,根據IMF公布的金融部門評估計畫,德意志銀行是全球金融系統的最大潛在威脅。IMF指出,在全球系統性重要銀行(G-SIB)當中德意志銀行似乎是系統性風險的最重要淨貢獻者,其次為匯豐(HSBC)、瑞士信貸(Credit Suisse)。
英國金融時報報導,美國聯準會(FED)29日公布,德意志銀行美國分行(Deutsche Bank Trust Corporation)、Santander美國分行(Santander Holdings USA)在最新一次全面資本分析和審查(Comprehensive Capital Analysis and Review,CCAR)中並未過關。

德國媒體《世界報(Die Welt)》報導,聯邦公報文件顯示,傳奇投資人喬治索羅斯(George Soros)的投資公司「索羅斯基金管理公司(Soros Fund Management LLC)」上週五(6月24日)放空德意志銀行(Deutsche Bank AG)約700萬股、相當於0.51%的在外流通股票。
英國首相卡麥隆(David Cameron)24日因英國公投決定脫歐而宣布將在10月辭職下台。
德意志銀行29日上漲0.12%、收12.66歐元;過去一年跌幅高達53.38%。
德意志銀行6月27日創下史上最低收盤紀錄(12.54歐元)以及史上盤中最低價位(12.07歐元)。德意志銀行去年繳出2008年以來首見的全年虧損成績單、慘賠67億歐元。
歐洲央行(ECB)去年5月透過半年度《金融穩定評估》坦承,史上最低的利率令保險業與銀行業面臨壓力,因為他們越來越難找到可以支付營運成本以及滿足獲利目標的金融資產。


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Re: GEORGE SOROS
« Reply #36 on: June 30, 2016, 03:32:07 PM »



Brexit is a negative shock: Soros
Spriha Srivastava   | @spriha
16 Mins Ago
CNBC.com
COMMENTSStart the Discussion
Brexit has not only created an opening to reinvent the European Union but has also aggravated two looming dangers, George Soros said in a speech at the European Parliament on Thursday.

"First, it unleashed a crisis in the financial markets, comparable in severity only to 2007/8," he said, adding that while this has been unfolding in slow motion, Brexit will accelerate it and reinforce deflationary trends that were already prevalent.

Aggravating the refugee crisis is the second danger according to Soros. "The EU faces growing military threats. Our external enemies have been emboldened, posing new, as-yet unfathomable dangers in various parts of the wider region, that are also liable to aggravate the refugee crisis."

Adding that the vote for Brexit was a "great shock for him" Soros said the disintegration of the EU seemed practically inevitable last Friday morning, immediately after the vote.

However, he said that while the referendum result was a negative surprise, the spontaneous response to it was a positive one. "People on both sides of the referendum, and most importantly those who didn't even vote—particularly young people under 35—have become mobilized. This is the kind of grass roots involvement that the European Union has never been able to generate before."


George Soros
Getty Images
George Soros
Discussing the refugee crisis in detail, Soros said that German Chancellor Angela Merkel showed great moral leadership when she opened Germany's doors wide to refugees. However, Soros identified three main flaws with the decision. It was not truly European but rather an initiative led by Germany. It was also severely underfunded and not voluntary.

Soros said in order to build a coherent European asylum policy, the EU should start by addressing the dire lack of financial resources and by building trust among each other.

"Without sufficient funding, the EU cannot meet the expectations of the European people. And because it fails to perform the functions it was designed for, the Union loses its legitimacy.

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Re: GEORGE SOROS
« Reply #37 on: July 01, 2016, 02:17:02 PM »



索罗斯:危机出笼
不输海啸期
534点看 2016年7月1日
索罗斯
索罗斯

(纽约1日综合电)金融“巨鳄”索罗斯指出,英国退出欧盟已使全球金融市场危机“出笼”,严重性与金融海啸不遑多让,现在只是慢动作演出,未来将再加速。


“新兴市场教父”墨比尔斯强调,英国脱欧将提升中国在国际金融市场的影响力;知名富豪投资人罗杰斯则悲观地看待未来一到两年局势,“不打算进场买股票。”

索罗斯在公投前便警告,英国脱欧将使英镑重贬逾20%。

他在欧洲议会发表演说指出,公投结果使“假说成为真实”,英镑重贬,苏格兰威胁将独立。

他说,英国脱欧未必是“生米已成熟饭”,已有400多万英国公民请愿要求举行“二次公投”,虽不能推翻公投结果,但可能改变政治格局,欧盟其他国家也可能透过积极重组欧盟架构,以保全欧盟。

坦伯顿新兴市场集团执行董事长墨比尔斯表示,英国脱欧有助提高中国在全球金融市场的影响力,亚洲将是开发中国家的“理想(投资)场所”。

他说,欧洲与英国的动荡,可能促使人们分散配置欧洲及英国的资产,未来五个月将看到更多人在中国筹资,而非伦敦或纽约。

罗杰斯不买股票

罗杰斯则说, 他对今后至少一到两年的行情感到悲观,不打算买入股票,“因为市场一旦进入空头,股价跌势将超出预期。”

罗杰斯认为,多国央行不断宽松货币,导致全球债务飙升到空前新高。

若欧盟动荡持续、甚至扩大,泡沫破灭的后果将不堪设想,甚至会比雷曼危机时有更多企业破产,欧洲小国债务违约,西班牙和英国等可能出现破产风险,世界经济局势可能更严峻。

罗杰斯指出,中国经济潜力庞大,例如政府和企业砸下钜额投资的水质和空气净化相关企业,铁路和医疗保健类股的股价上涨空间也很大。

新闻来源:联合财经网


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Re: GEORGE SOROS
« Reply #38 on: July 02, 2016, 08:36:19 AM »



索罗斯:金融危机猛虎出笼
164点看 2016年7月2日

索罗斯

(布鲁塞尔1日讯)亿万富翁投资者索罗斯认为,英国决议脱离欧盟,让金融市场危机因而脱缰,一如2007与2008的全球金融危机。


索罗斯昨日在一项欧洲议会上表示,金融危机正在慢慢展开,但英国脱欧将使之加速,这可能会强化已经存在的通货紧缩趋势。

他于1992年押注英国将被迫让英镑贬值,并退出欧洲汇率机制,因而获利达10亿美元(约40亿令吉),大败英国央行,声名大噪。

中国势必硬着陆

近来,索罗斯警告,中国经济硬着陆已势不可免,并称其债务推动的经济,一如美国在金融危机初期的情况。

“欧洲的银行体系尚未自金融危机中复苏,现在将遭遇严格考验。我们知道该做什么。不幸的是,欧元区内部的政治与意识形态歧见,让欧洲稳定机制无法发挥效用。 ”


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Re: GEORGE SOROS
« Reply #39 on: July 03, 2016, 08:58:25 AM »



Soros Plots European Order Coup: EU Will Disintegrate, Rise Again Under “New Marshall Plan”
POLITICSJuly 2, 2016 A+A-EMAILPRINT


 
In perfect order out of chaos fashion, the elite are now showing their hand.

Problem. Reaction. Solution.

What will come out of the vote for Britain to leave the European Union, and who will benefit from it?

There is considerable reason to think that it will be the very billionaire elite class who created the EU in the first place.

If the push for Brexit was fueled by the European anger against unlimited migration and its side effects of extreme culture clash, terrorism and sensational incidents of rape, then it was the very crisis that the likes of the Davos elite, and in particular, the Bilderberg elite having been playing upon.

europe-break2

The Problem: Europe is on the verge of collapse

“You break it, you buy it.”

We’ve all heard the maxim above, meant to be cautionary warning to clumsy shoppers that the store will not pay for any losses. But on the global scale, it is a recipe to buy up the broken pieces of nations, businesses and entire continents (or at least their most valuable assets) for ****** on the dollar.

It is this type of maneuver that should be considered when looking at the true impact of Brexit, as well as the true reasons for the intense migrant crisis that hit Europe like a wave during the past couple of years.

For instance, the UN Migration Chief Peter Sutherland, who happens to be non-executive chairman of Goldman Sach International and a steering member of the Bilderberg committee, literally called for migration as a weapon in order to “undermine” the homogeneity and sovereignty of European nations:

In 2012 Mr Sutherland was quizzed by the House of Lords EU home affairs sub-committee about what the EU should do about evidence from the Organisation for Economic Cooperation and Development (OECD) that employment rates among migrants were higher in the US and Australia than EU countries.

Mr Sutherland, who has attended meetings of The Bilderberg Group, told the committee: “The United States, or Australia and New Zealand, are migrant societies and therefore they accommodate more readily those from other backgrounds than we do ourselves, who still nurse a sense of our homogeneity and difference from others.

“And that’s precisely what the European Union, in my view, should be doing its best to undermine.”

That was in 2012, as the Syrian refugee migrant crisis was yet to unfold in a huge way.

panic-stocks-economy

The Reaction: Market panic, predictable to keen observers

The entire sequence events played upon fear for effect, a catalyst making the strength of the reaction more intense, in turn giving greater momentum to the solution.

Brexit was played up in the media, not just in Europe where its effects would be most felt, but in the United States and globally as well. The shocking death of a Member of Parliament by a deranged killer proclaiming sovereignty for Britain seemed almost calculated to heighten the divisive spirit. There were months of scaremongering and warnings about the fianancial doom a “leave” vote would usher in, in attempt to scare away support for the referendum – or perhaps as prelude to the events to come in the aftermath.

Its causes have been attributed to a swell of populism, fueled by anger over the compounding disasters from migrants being driven from Syria and the Middle East. Years of Greek debt crisis, enormous sums of money for bailouts and a relinquishment of power to centralized bureaucrats made the EU increasingly distasteful.

All that only made disobeying the wishes of the ruling establishment all the more tempting. Nervous money switched hands, and the vote was too close to call. On the eve of the actual vote, there was biblical storm with dramatic flashing lightning, and floods that kept people from the poles.

And, surprise a victory, and quite a reaction there was.

But what does it mean?

Qui Bono? A Bet On Crisis

Because the Brexit result came as a surprise to most investors, after a ‘smart money’ predicted that Britain would remain and markets would abide, a great deal of money was lost. The rush to get out of the pound, which began in the days ahead of the vote, initiated huge currency exchanges and crashed the value of the Pound sterling.

Just afterwards, and very quietly, the Bank of England injected £250 billion into the markets as a preemptive bailout-innoculation just as investors faced what was reportedly more than a trillion was lost. That scale of money is more than half the amount that Congress gave to the big banks after the 2008 economic crisis… but very little has been said about it.

The panic over Brexit has given George Soros, and his powerful friends, the perfect excuse they need to intervene.

As Michael Snyder reported in the lead up to the vote, Soros has been calculating a few moves ahead:

Mr. Soros also argues that there remains a good chance the European Union will collapse under the weight of the migration crisis, continuing challenges in Greece and a potential exit by the United Kingdom from the EU.

“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said.

So, that is what he would be shorting on.

Weeks ahead of the Brexit vote, George Soros meanwhile reportedly moved some 37% of his stocks into gold – meaning that he made a fortune as others were taken in by the economic consequences of the European divorce.

Yet Soros and Lord Rothschild were among those who wrote in advance of the event – warning of the destruction that would result from an attempt to leave the European Union – and now they are watching it burn. (Their phoenix plan to create order from the ashes is a necessary counter-balancing act to this destruction.)

To this end, a solution:



The Solution: A new European superstate under control of the bankers

Thus, the EU faces a crisis of disintegration amid an atmosphere of economic collapse.

The survey of the financial landscape will look something like Europe did after WWII – in ruins, awaiting a victor to rescue and rebuild the lives of the people who have been devastated by the ravages of war.

Plans have already been put forward to morph the current EU into an even more centralized superstate, and with less room for interference from the populations who live in Europe should they become unhappy.

The foreign ministers of France and Germany are due to reveal a blueprint to effectively do away with individual member states in what is being described as an “ultimatum”.

Under the radical proposals EU countries will lose the right to have their own army, criminal law, taxation system or central bank, with all those powers being transferred to Brussels.

The migration crisis and related issues have predictably disrupted society, and now they are going to use it for their gain, as the ushers lead them to the exits and set fire in the theater.

Back in January, George Soros called for new major initiative – on the scale of the Marshall Plan to rebuild Europe after WWII – with strings attached to control the future of the European countries into the foreseeable future.

Soros, who is really showing his accelerating age, stated back in January of 2016:

“The European Union is in an existential crisis. And, it needs to get out of that, because of the migration problem is effectively … distressing and the European Union is falling apart. And that’s a time when you need to have a major initiative – a Marshall Plan – it’s absolutely appropriate.”



The New American revealed the scheme he intends by these statements:

After having literally created the refugee crisis from start to finish — destroying multiple Middle Eastern nations and then demanding that Europe accept the millions of displaced victims — the internationalist establishment is now exploiting the chaos it unleashed to push more globalism and statism.

And now, like other establishment voices, Soros is also pointing out the obvious. The European Union, he said in a recent interview, is “on the verge of collapse” due to the sudden influx of well over a million Islamic refugees last year. Not coincidentally, Soros also has ideas about “solutions.” And not surprisingly, those alleged “solutions” involve more globalism for Europe, Africa, and the Middle East — along with less sovereignty, self-government, and liberty.

[…]

Other internationalist schemes being pushed by exploiting the refugee crisis include the creation of new EU institutions, including agencies to usurp control over immigration from formerly sovereign nations, as well as to create military outfits ostensibly aimed at “protecting Europe’s borders” from the refugee tsunami sparked by globalist machinations. Globalist former Goldman Sachs boss Peter Sutherland, currently “serving” as the UN “special representative of the secretary-general for international migration,” openly declared that national sovereignty is an “absolute illusion” that must be “put behind us” in the interest of the refugee crisis and, more broadly, creating a “better world.”

Now, with a swelling economic disaster hanging in the dark clouds overhead, Brexit may serve as the crisis Soros and his billionaire friends need to enact their Marshall Plan – certain to give power to central banks and a create a permanent dictatorship over the European continent, and beyond.



Whether that happens or not, Soros will be positioned to profit, clever devil. As NewsBison reported:

BILLIONAIRE investor George Soros took out a staggering €100MILLION bet that a major German bank would collapse after Britain decisions to cut ties with the crumbling EU.

The man who “broke the Bank of England” took a short position of 0.51 per cent in Deutsche Bank shares on Friday – the day after the people of Britain backed Brexit [… later] Soros Fund Management said its short position was now 0.46 per cent – suggesting it had begun to take profits from the trade.

Mr Soros who banked profits of $1bn by famously positioning himself against sterling 22 years ago, said a British exodus from the bloc would make the eventual dissolution of the EU “practically irreversible”.

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Re: GEORGE SOROS
« Reply #40 on: July 04, 2016, 06:12:36 PM »



索羅斯再寫放空傳奇?義大利裕信銀行創歷史新低!
回應(0) 人氣(406) 收藏(0) 2016/07/04 15:02
MoneyDJ新聞 2016-07-04 15:02:08 記者 賴宏昌 報導
義大利銀行業壓力測試結果將在7月31日出爐。英國金融時報4日引述消息人士談話報導,義大利總理Matteo Renzi打算不理歐盟與柏林當局的反對、準備在必要時出手對銀行業進行紓困。Renzi曾意有所指地表示,他不會理會學校老師們的長篇大論。義大利主要銀行「裕信銀行(UniCredit SpA)」在7月1日創下史上最低收盤(1.87歐元)紀錄。
義大利有600家銀行、他們的總分行數較比薩店還要多。根據2016年1月1日生效的歐盟法令,在國家出手拯救經營不善銀行之前、該銀行債權人必須先承擔大額損失(註:俗稱「Bait-In」)。義大利工業總會(Confindustria)上週五提出警告,Renzi若在10月初公投宣告落敗,義國將陷入政治動盪、經濟將再度陷入衰退,明後兩年(2017、2018年)GDP預估將分別衰退0.7%、1.2%。
CNBC 6月30日報導,「黑天鵝(The Black Swan)」作者Nassim Nicholas Taleb在受訪時表示,現在是2016年,固守1950年經濟思維的布魯塞爾當局注定是要以失敗收場。Taleb認為英國脫歐(Brexit)絕非孤立事件,因為人們現在體認到這些菁英份子根本不知道他們自己在說些什麼。

Taleb曾在紐約時報發表專文指出,「規模」、「決策集中化」等於「效率」是一種迷思:中央集權國家之所有經常累積許多赤字是因為他們被遊說團體、大企業視為肥羊。
德國媒體《世界報(Die Welt)》日前報導,義大利銀行股重挫可能跟傳奇投資人喬治索羅斯(George Soros)的放空行動有關


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Re: GEORGE SOROS
« Reply #41 on: July 09, 2016, 03:17:26 PM »



How George Soros Singlehandedly Created The European Refugee Crisis - And Why

Tyler Durden's picture
by Tyler Durden
Jul 8, 2016 10:01 PM
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By David Galland and Stephen McBride, Garret/Galland Research

 

How George Soros Singlehandedly Created the European Refugee Crisis - And Why

George Soros is trading again.

The 85-year-old political activist and philanthropist hit the headlines post-Brexit saying the event had “unleashed” a financial-market crisis.


Well, the crisis hasn’t hit Soros just yet.

He was once again on the right side of the trade, taking a short position in troubled Deutsche Bank and betting against the S&P via a 2.1-million-share put option on the SPDR S&P 500 ETF.

More interestingly, Soros recently took out a $264 million position in Barrick Gold, whose share price has jumped over 14% since Brexit. Along with this trade, Soros has sold his positions in many of his traditional holdings.



Soros had recently announced he was coming out of retirement, again.


First retiring in 2000, the only other time Soros has publicly re-entered the markets was in 2007, when he placed a number of bearish bets on US housing and ultimately made a profit of over $1 billion from the trades.

Since the 1980s, Soros has actively been pursuing a globalist agenda; he advances this agenda through his Open Society Foundations (OSF).

What is this globalist agenda, and where does it come from?

The Humble Beginnings
The globalist seed was sowed for young George by his father, Tivadar, a Jewish lawyer who was a strong proponent of Esperanto. Esperanto is a language created in 1887 by L.L. Zamenhof, a Polish eye doctor, for the purpose of “transcending national borders” and “overcoming the natural indifference of mankind.”

Tivadar taught young George Esperanto and forced him to speak it at home. In 1936, as Hitler was hosting the Olympics in Berlin, Tivadar changed the family name from Schwartz to Soros, an Esperanto word meaning “will soar.”

George Soros, who was born and raised in Budapest, Hungary, benefited greatly from his father’s decision.

Allegedly, in 1944, 14-year-old George Soros went to work for the invading Nazis. It is said that until the end of the war in 1945, he worked with a government official, helping him confiscate property from the local Jewish population.

In an 1998 interview with 60 Minutes, Soros described the year of German occupation as “the happiest time in my life.”

Soros’s Venture into Finance
When the war ended, Soros moved to London and in 1947 enrolled in the London School of Economics where he studied under Karl Popper, the Austrian-British philosopher who was one of the first proponents of an “Open Society.”

Soros then worked at several merchant banks in London before moving to New York in 1963. In 1970, he founded Soros Fund Management and in 1973 created the Quantum Fund in partnership with investor Jim Rogers.

The fund made annual returns of over 30%, cementing Soros’s reputation and putting him in a position of power—one he utilizes to this day to advance the agenda of his mentors.

The Currency Speculations That Threw Britain and Asia into Crisis
In the 1990s, Soros began a string of large bets against national currencies. The first was in 1992, when he sold short the pound sterling and made a $1 billion profit in a single day.

His next big currency speculation came in 1997. This time Soros singled out the Thai baht and, with heavy short-selling volume, destroyed the baht’s artificial peg to the US dollar, which started the Asian financial crisis.

“Humanitarian” Efforts
Today, Soros’s net worth stands at $23 billion. Since taking a back seat in his company, Soros Fund Management, in 2000, Soros has been focusing on his philanthropic efforts, which he carries out through the Open Society Foundations he founded in 1993.

So who does he donate to, and what causes does he support?

During the 1980s and 1990s, Soros used his extraordinary wealth to bankroll and fund revolutions in dozens of European nations, including Czechoslovakia, Croatia, and Yugoslavia. He achieved this by funneling money to political opposition parties, publishing houses, and independent media in these nations.

If you wonder why Soros meddled in these nations’ affairs, part of the answer may lie in the fact that during and after the chaos, he invested heavily in assets in each of the respective countries

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Re: GEORGE SOROS
« Reply #42 on: July 09, 2016, 05:38:48 PM »



索罗斯:英国脱欧
或有助建立更强的欧洲
216点看 2016年7月9日

索罗斯

(纽约9日讯)国际金融大鳄索罗斯周五撰写专栏表示,英国“脱欧”或可形成动力,帮助欧洲变得更强更好,尽管金融市场正面对立即的阵痛。这是他首次对英国“脱欧”的看法有所软化。


索罗斯指出,英国公投后的金融市场一片混乱,是因为市场当时过分着重于英国因脱欧所失去的东西。不过,他认为,如果更多欧盟国家发动脱欧公投,基层参与者有望扭转近期欧洲走向解体的趋势。

他解释称,像法国、德国、瑞典、意大利和波兰的国家,看到英国的情况后,“中间选民”可能会团结起来推动欧盟改革,包括改善国家内部控制权力,例如地方税制和移民政策等。

索罗斯强调,欧盟绝不能重罚英国,亦不可忽视国家成员希望解决欧盟缺陷的素求。欧洲领导人应该认识到自己的错误,并承认目前的欧盟制度存在民主缺失。

他呼吁欧盟采取以下4项“特殊措施”:

1、欧盟和欧元区会员,或是单一货币之间,必须有清晰明确的分辨。不属于欧元区成员的国家“不应该受到歧视。”

2、欧盟应使用其优质及大量未开发的信贷。

3、欧盟必须加强国防,以保护国家成员免受外部敌人攻击。他续称,乌克兰,要通过自卫来保卫欧盟。

4、欧盟“严重不足的”难民政策需加以修订。

新闻来源:东网


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Re: GEORGE SOROS
« Reply #43 on: July 12, 2016, 02:10:30 PM »



FLASHBACK: George Soros Predicted Riots, Police State And Class War For America

fund-chairman-soros-management
11 JULY, 2016
Back in 2012, Billionaire investor George Soros made an ominous prediction for America.  He offered a word of warning: a period of “evil” is coming to the western world.  He went on to say, “I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros told Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment.  The worst-case scenario is a collapse of the financial system.”

 
Soros goes on to say that as the crisis in the Eurozone only worsens, the American financial system will continue to be hit hard. On the way to a full-blown collapse, he cautions, Americans should expect society to alter accordingly. Riots will hit the streets, says Soros, and as a result, “It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”

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Re: GEORGE SOROS
« Reply #44 on: August 10, 2016, 05:49:33 PM »



2016-08-10 15:58
狙击港股?索罗斯在港大举增兵
近来港股表现稳健,恒生指数也站稳22000点关卡,让不少投资人考虑加码投入。但持续走高的港股似乎也引起知名投资人索罗斯的注意,他旗下在香港的公司近几个月来持续招兵买马,引发市场关注。

(图:法新社)
(香港10日讯)近来港股表现稳健,恒生指数也站稳22000点关卡,让不少投资人考虑加码投入。但持续走高的港股似乎也引起知名投资人索罗斯的注意,他旗下在香港的公司近几个月来持续招兵买马,引发市场关注。

广告

 
根据香港证监会的纪录,索罗斯资产管理(香港)有限公司(SFM HK)从今年4月以来就持续增加雇员,从原本的7人增加到最新的12人,包括曾担任索罗斯基金董事职位的爱德华波迪克、前摩根大通执行董事泰博,以及两名新晋财经分析员方马修及史凯文,可说是众星如云。

最新加入的人员则是专攻衍生工具的卜巴,他曾在瑞银、德银等国际投行工作,专长是CDS与风险分析。

索罗斯的投资领域遍及全球,但SFM HK在中国与香港特别受到关注,因为该公司是索罗斯的儿子罗拔索罗斯在2010年亲自赴港成立,“代父出征”的意味浓厚,加上索罗斯在1997年亚洲金融危机的狙击让不少香港投资人余悸犹存,更使得这次SFM HK扩编人员的动作引起投资人注意。

香港基金教父雷贤达表示,美国可能升息对美国经济及企业盈利的负面影响、英国脱离欧盟对欧洲经济的打击,与中国经济放缓、包括香港在内亚洲区房市泡沫,众多负面不明朗因素下,已为新一轮金融风暴提供引爆点。

包括索罗斯在内的国际投资者,目前都是在等待下手机会。

广告

 
香港房产类股金融海啸前最高点

香港房产类股上次遇上这样的荣景已经要追溯自20年前,那时候香港才正准备面对近年来第一次房价大崩盘。

今年截至目前为止,香港房产类股股价已经飙升37%,是恒生指数19年以来的新高点,上一次这样的火热市况是1997年亚洲金融海啸前夕,那时的房产泡沫也是达到前所未有的高点。

虽然少数分析师依旧认为还会有新的一波涨势,但过于高涨的股价对投资人来说已经是个巨大的警讯,房产类股升的太高也太快了,即便各项讯号显示房价还会稳健地上升,交银国际控股已经提出警告,香港疲弱的经济成长与过多的房产供给量将会令香港房市失控。

交银国际分析师表示,投资人对于房市过于乐观,以致于无视供给测逐渐浮现的危机。

自二月12日香港结束长达九个月的熊市以来,恒生指数表现最佳前十名的股票中,超过半数是房产类股,新世界、九龙仓、长江实业等类股都上涨了超过40%,胜过大盘的23%。

由于港币与美元挂钩,香港房贷利率总是与美国升息与否息息相关,先前在英国脱欧连累之下,美国升息机率大减,香港借贷成本上升的风险也消失,使得交易员争先恐后抢进房产类股。

然而供过于求的阴影紧追在后,香港未售出的物件在六月底上升至71000笔,是一年来的新高点,同一时间香港的经济也表现不佳,第一季的GDP表现疲弱,六月份零售数据年比下滑8.9%,连续第16个月下滑。

香港的建筑成本在全世界看来确实相对低廉,造成香港房产扩张速度过快,若这样低成本的状况持续下去,供过于求的情况并不会停止,然而在美国经济明显转好的状况之下,乐观主义者恐怕得开始紧张了,升息的机率在近期大幅上升。

瑞银分析师表示,自英国脱欧之后,许多投资人配置部位都是以融资成本高低做为标准,资金全都涌向低利的地区,像香港这样与美国低利率挂钩的市场就是这样被炒到高点,然而美国升息的可能性逐渐增加,香港市场的资金恐怕也会跟着受到影响。

文章来源:
星洲日报‧财经‧2016.08.10

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Re: GEORGE SOROS
« Reply #45 on: August 13, 2016, 06:30:02 PM »



旗下首席投资官传辞职
86岁索罗斯亲上场交易
278点看 2016年8月13日

索罗斯。

(纽约13日综合电)国际大鳄索罗斯86岁生日,但他宝刀未老,仍一直活跃于金融市场。


据外媒报道,索罗斯最近更积极参与旗下家族财富的日常买卖交易,包括一系列沽空动作,该基金管理公司的资产规模达250亿美元(约1000亿令吉)。

同时,报道引述消息称,该公司上任仅8个月的首席投资官泰迪柏迪克(Ted Burdick)即将辞职,但卸任后仍会继续管理公司旗下一个信贷组合;目前公司正物色人选,作为新的首席投资官。对此,索罗斯基金管理公司发言人拒绝置评。

新闻来源:东网


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Re: GEORGE SOROS
« Reply #46 on: November 02, 2016, 10:23:47 AM »



Zaid Ibrahim hails George Soros
 georgesoros zaidibrahim
 0 comments      Zaid Ibrahim     Published Today 9:54 am     Updated Today 9:58 am


 
COMMENT When I was involved in setting up an organisation for the defence of civil liberties (this organisation was never registered by the Registrar of Societies), I was keen to look for a funder and George Soros came to mind.

I’d heard a lot about him, his generosity and great wealth, from his books and from newspaper reports. He is known for his contributions towards promoting human rights and education around the world. I even went to New York to visit his Open Society Foundation (OSF) headquarters, but I was unable to see him.

Now I heard that he has been busy funding some NGOs in Malaysia - some say even Malaysiakini and Bersih have received funds from the OSF. I would like to congratulate these organisations and advise them not to be too worried about calls from the cabinet ministers to investigate how or why Soros is funding them.

George Soros is a great man. He is one of many American billionaires who use their money to do good things. He was a poor Hungarian immigrant who settled in the US and developed his business expertise to make lots of money - but he then donated millions to help set up universities and hospitals in Hungary and other parts of Eastern Europe.

NGOs in Myanmar also received lots of help from him to fight the oppressive military regime - and today it’s a nascent democracy.

Soros is a believer in the emancipation of men and women. He believes that freedom and good education are central to the development of human beings all over the world. His book, Open Society, explains in great detail how, only under a democracy, you can establish basic human rights, develop human capital, liberate people and reduce poverty.

He has been giving out his millions to help noble causes and there is no reason one should feel ashamed to be associated with him. I say again: do not feel ashamed or guilty that you are receiving financial help from Soros. You have not committed any offence.

Soros is not interfering in our politics

Utusan Malaysia will of course cry foul that a foreigner is interfering in our politics. That’s what you would expect from Umno and its associates. Every time they get in trouble, they will appeal to emotion by suggesting that foreigners are meddling in our affairs. Though one does wonder quite what Utusan thinks about receiving money from Saudi princes to fight DAP.

But Soros is not interfering in our politics. He is merely helping us to be active participants in how our country is being run. He did not make any money or get any contracts in exchange for his donations.

In today’s world, donations and contributions come from everywhere. The question we should ask is: what’s the money for? Some people who don’t even allow women to drive in their country are giving money to us to keep corrupt leaders in power, instil Taliban values in our country, keep women in their homes and encourage child marriages. Which donor would you prefer?


I am not hopeful, but I still urge more Malaysian billionaires to emulate the good work of Soros and others like him. I hope our local billionaires will help Malaysian civil society and volunteer groups to empower the people of this country.

Of course, we can leave Malaysia to the politicians who have no qualms about receiving money from foreign powers in return for large contracts or whatever kind of under-the-table deal. We can let these corrupt people remain in public office or we can help Malaysians have a greater say in how their country is run.

You can be a heartless billionaire or you can use your money, as George Soros has, to help the people regain their basic rights.

Which would you choose?

ZAID IBRAHIM is a former minister, in charge of law. This piece was originally published in his blog.



Read more: https://www.malaysiakini.com/news/361333#ixzz4OoUvPggX

Online ahbah

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Re: GEORGE SOROS
« Reply #47 on: November 02, 2016, 10:28:45 AM »
Sorrow got give moni to poor kampong kids who support his open society corn cept ?

Offline ikan besar

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Re: GEORGE SOROS
« Reply #48 on: November 02, 2016, 10:41:47 AM »
Zaid is a real modern day person

fantastic, he really think out off the box

well done

if 5% of the people can think like him, we are the greatest nation in the universe

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biasa lah

Offline CurryLee

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Re: GEORGE SOROS
« Reply #49 on: November 02, 2016, 10:44:30 AM »
i like donation....soros donate to me lar... :P
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Re: GEORGE SOROS
« Reply #49 on: November 02, 2016, 10:44:30 AM »