Soros on European crisis - Spiegel Video
A fan-published Blog Tracking Investor Billionaire and philanthropist George Soros ,The Soros Fund Management and the Quantum Fund Investments
Monday, June 28, 2010
Friday, June 25, 2010
Soros: We Have Just Entered Act II of the Global Financial Crisis
"The collapse of the financial system as we know it is real, and the crisis is far from over," he told a conference in Vienna late last week. " Indeed, we have just entered Act II of the drama, when financial markets started losing confidence in the credibility of sovereign debt."
The world economy is "eerily reminiscent of the 1930s," Soros said, with governments under pressure to narrow their budget deficits at a time when the economic recovery is weak.
The world economy is "eerily reminiscent of the 1930s," Soros said, with governments under pressure to narrow their budget deficits at a time when the economic recovery is weak.
Labels:
The Financial Crisis
Wednesday, June 23, 2010
Soros : Germany could cause The Euro collapse
George Soros |
Soros sees German austerity policy as a threat to Europe
The American Billionaire investor and speculator George Soros warned on Wednesday of collapse of the monetary union as a result of German austerity policy . that the euro could fail and that what he called "dangerous" policy decisions in Berlin could destabilize the entire European Union. "The German policy is a threat to Europe, they might kill the project," said Soros, "Unfortunately, a collapse of the euro and the European project cannot be ruled out," said Soros, one of the most successful hedge fund managers in the world, in an interview with the weekly newspaper DIE ZEIT .One can not exclude a "collapse of the euro," said Soros, who in the nineties bet successfully against the British pound. "If the Germans do not change their policies, their exit from the monetary union for the rest of Europe would be helpful.""That would be tragic, because then Europe would be threatened by the sort of conflicts between states that have shaped European history," Soros added.
Soros does not rule out The collapse of The Euro
German austerity policy may destroy The EU project says Soros
The economic policy of Germany based on austerity likely to split the monetary union, says the financier George Soros. In an interview with the weekly Die Zeit, Soros explains why a possible 'collapse' of the euro can not be 'excluded. Soros Has no doubts: 'If the Germans do not change their policy, their exit from the monetary union would be useful for the rest of Europe'. Soros also advocates a tax on financial transactions.
Labels:
austerity policy,
Euro
Tuesday, June 22, 2010
GEORGE SOROS SELLS ALL OF HIS CITIGROUP STOCK 5-18-2010
This is what happens when the elite have insider information about the upcoming "Bank Holiday".
It is hardly a sign of confidence in the banking sector when one of the worlds most famous investors sells out of his shareholding. But that is exactly what George Soros has done with Citibank, his fifth-largest punt at the end of last year. In the first quarter of this year he sold off most of his 94.7 million shares, probably doubling his money, and netting over 300 million euros
It is hardly a sign of confidence in the banking sector when one of the worlds most famous investors sells out of his shareholding. But that is exactly what George Soros has done with Citibank, his fifth-largest punt at the end of last year. In the first quarter of this year he sold off most of his 94.7 million shares, probably doubling his money, and netting over 300 million euros
Labels:
CitiGroup stocks
Thursday, June 17, 2010
George Soros : we have just entered Act II of the crisis
Billionaire investor George Soros said, “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen.
“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”
Concern that Europe’s sovereign-debt crisis may spread sent the euro to a four-year low against the dollar on June 7 and has wiped out more than $4 trillion from global stock markets this year. Europe’s debt-ridden nations have to raise almost 2 trillion euros ($2.4 trillion) within the next three years to refinance maturing bonds and fund deficits, according to Bank of America Corp.
“When the financial markets started losing confidence in the credibility of sovereign debt, Greece and the euro have taken center stage, but the effects are liable to be felt worldwide,” Soros said.
One wonders if Soros, who made a name for himself originally in the currency markets, is involved in the current record FX volatility. Of course, with animosity toward "speculators" at unprecedented levels, it probably would not be very prudent of anyone to disclose they are now taking on Central Banks direct.
Labels:
The Financial Crisis
Tuesday, June 15, 2010
Friday, June 11, 2010
George Soros - The Bubble of American Supremacy
UC Berkeley Graduate School of Journalism Dean Orville Schell in conversation with George Soros, the legendary and enormously successful trader and philanthropist, on what Soros calls "The Bubble of American Supremacy." Series: "UC Berkeley Graduate School of Journalism presents" [3/2004] [Public Affairs] [Show ID: 8524]
Labels:
UC Berkeley
Wednesday, June 9, 2010
George Soros with Google CEO Eric Schmidt at Authors Google
Authors@Google: George Soros
George Soros appears in conversation with Google CEO Eric Schmidt discussing his new book "The Age of Fallibility: Consequence of the War on Terror" as part of the Authors@Google series. This event took place on Auguest 9, 2006, at Google's headquarters in Mountain View, CA.
Labels:
Authors at Google
Monday, June 7, 2010
George Soros, Perry Mehrling, William White, Roman Frydman - Anatomy of Crisis
April 28, 2010 — The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 1 Q&A:
Anatomy of Crisis The Living History of the Last 30 years: Economic Theory, Politics and Policy
Anatomy of Crisis The Living History of the Last 30 years: Economic Theory, Politics and Policy
Labels:
New Economic Thinking
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.
In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.