Thursday, June 09, 2016

Watch carefully

My opinion might not matter much and perhaps yours doesn't, either. But this guy's opinion matters quite a lot:
After a long hiatus, George Soros has returned to trading, lured by opportunities to profit from what he sees as coming economic troubles.

Worried about the outlook for the global economy and concerned that large market shifts may be at hand, the billionaire hedge-fund founder and philanthropist recently directed a series of big, bearish investments, according to people close to the matter.

Soros Fund Management LLC, which manages $30 billion for Mr. Soros and his family, sold stocks and bought gold and shares of gold miners, anticipating weakness in various markets. Investors often view gold as a haven during times of turmoil.
Most of us on the Right are not fans of Soros because of his work in aiding the Left, but no one disputes his financial acumen. I've been seeing big warning signs elsewhere. It could get interesting soon.

1 comment:

Bike Bubba said...

There is something telling about a man supporting the political status quo (at least in the executive branch) and simultaneously shorting the economy that man's policies have caused. One would think that (as is the case for most of the Russian Jews I know who fled Brezhnev's Soviet Union) direct experience with socialism would temper Soros' enthusiasm for socialism lite, but no such luck.