Soros

[danmand]

George Soros, according to the National Post, turned over most of his interests to his sons, in order to concentrate on the task of preventing George Bush from winning the election.

I am waiting with joyful anticipation to see how the republicans are going to paint George Soros as a left winger.

 

[BiggieE]

Where would you like me to start?...Other than that he has supported every left wing cause in the country, why would anybody refer to Soros as a "left-winger"?...or even a "Kip Winger"....hehe...could'nt resist...

 

[sweet guy]

If I were George Soros, I would short the US dollars, similar to the attack on the British Pounds in the early 90s.

That would teach the Dubya a lesson.

 

[papasmerf]

If I were George Soros, I would short the US dollars, similar to the attack on the British Pounds in the early 90s.

That would teach the Dubya a lesson.

No question that attacking the economy of Canada's largest trade partner is smart. Will reak havoc in trade. But hey, so what.

 

[danmand]

If I were George Soros, I would short the US dollars, similar to the attack on the British Pounds in the early 90s.

I would imagine he has.

 

[langeweile]

No question that attacking the economy of Canada's largest trade partner is smart. Will reak havoc in trade. But hey, so what.

And since Canada is the largest US trading partner it should do wonders for the Canadian economy.
So all you USA haters, just have one more thing you can blame on the US.

 

[papasmerf]

And since Canada is the largest US trading partner it should do wonders for the Canadian economy.
So all you USA haters, just have one more thing you can blame on the US.

Glad at least you understood my point.

 

[langeweile]

It is lonely at the top.

 

[papasmerf]

More like it is lonely to be openly conseritive.

 

[sweet guy]

More like it is lonely to be openly conseritive.

Are you saying George Soros is a conservative?

 

[sweet guy]

On second thought, George Soros would probably not going to short US dollars, unless Warren Buffett decide to do so.

If George Soros really try to short the Green Bag and successful in doing that, there would be a big backlash on anti-semitism in the United States.

The only persons who have the potential to make America "tap out" and on its knees are the Chinese and the Japanese, NOT al-Qaidas and their Islamists idiots who are eager to be shaheeds and think they can defeat the "Great Satan".

BTW, George Soros would probably short the Euros or even the pounds again.

 

[papasmerf]

Are you saying George Soros is a conservative?

Na, you just never read my posts. I am more conseritive then it is defined as and about as American as you can get.

 

[BiggieE]

I'm not any more Conservative than anyone else I know....THAT must scare a few people....

 

[ice_dog]

Too late

If I were George Soros, I would short the US dollars, similar to the attack on the British Pounds in the early 90s.

That would teach the Dubya a lesson.

Shorting the USD ? I think most of the factors contributing to the weak USD have been discounted. You are at least 5 months too late if you want to short green buck.

 

[danmand]

Re: Too late

Shorting the USD ? I think most of the factors contributing to the weak USD have been discounted. You are at least 5 months too late if you want to short green buck.

Maybe against the EURO, but do you also think against the RMB?

 

[sweet guy]

Re: Too late

Maybe against the EURO, but do you also think against the RMB?

You can't "short" RMB since RMB, aka the Chinese yuan, is not freely traded and exchanged. And the exchange rate between the USD and RMB is unoffically fixed.

The only time George Soro suspected to short RMB was in 1998 by shorting HKD. Like RMB, the exchange rate between the USD and HKD has been a fixed regime since 1984. On top of that the RMB and to a certain extent it still is indirectly trade with other foreign currencies via HKD.

The speculators tried to short HKD in a "trench" warfare so to speak but they underestimated the "ammunitions" the territory had and the unconditional financial support from Beijing to counterattack those speculators. The speculators gave up after realizing they didn't profit that much.

They lost because the "rules of the games" was and still is totally different and until Beijing changes its mind, which I seriously doubt it, the currencies speculators like George Soros would find it tough to "play the game".

 

[Don]

whoopie....

Who cares about Soros?

 

[danmand]

Re: Re: Too late

You can't "short" RMB since RMB, aka the Chinese yuan, is not freely traded and exchanged. And the exchange rate between the USD and RMB is unoffically fixed.

Sorry, maybe I did not make myself clear. You said that "I think most of the factors contributing to the weak USD have been discounted. You are at least 5 months too late if you want to short green buck." I was wondering which currency you thought the $US has reached bottom against, EURO, YEN, RMB...

My question is if you think the $US will fall against the RMB, hence it would be a good idea to short the $US AGAINST the RMB?

 

[ice_dog]

I was the one who said that it is too late to short the USD.

First of all, you have to put things in perspective.

During the Clinton administration, the US government cut the deficit, which boosted the USD. This coupled with the boom in Internet and Telecom(from 1999 to the end of 2000), contributed to the strong economy in the U.S.

Things have changed since . The Internet and technology boom came to an end. The economy faltered. Since 911, the Western world is facing a new war- the war on terrorism. Bush's tax cut can only increase government's deficit . That is why the USD has been falling for 2 years now. On top of all these, The war on Iraq is not going well, or much more difficult and complex than the Pentagon anticipated. It costs money, lots of money to engage in a war.


The reasons that CAD has been rising against the green bucs are two fold. (1)The Canadian economy has been doing relatively well. Canada's economy is less dependent on technology.(2) Canada is still considered a resource-based economy, much like Australia. I hope you are aware that the commodity has been rising.: Gold has been trading around $420 vs $350, 5 years ago.
Crude oil just cracked $53, an all time high.


Can the the CAD keep rising ? I doubt it can rise beyond 83 cents. It it does, it will hurt the Canadian exports. US is Canada's largest trading partner. Lets face it. If the CAD is on par with USD, like 28 years ago durng the OPEC oil embargo, do you think those hobbyists south of the border will bother to come here to do their hobbying ?


I am not intimately familiar with the Chinese economy, but I do know that if the US goes to to recession, so will China, so will Canada. Fiscally speaking, China is in much better shape(no deficit, I think). Yet, China is not without its problem. The economy boom can only benefit the lucky ones living in big cities. The gap between the poor and the rich is so big, social unrest will be bound to occur eventually. I created a thread recently about a chinese student living in rural china, who commited suicide because he could not affort the enrance exam fee for university.

Well, back to your original question about shorting the USD. Two things you can do:

(1) Be a contrarian and buy USD. Yes, buy the green buck. I can anticipate a change in the U.S. government, and U.S. economy will change for the better.


(2) Buy gold. An insurance policy every body should have .

 

[danmand]

I was the one who said that it is too late to short the USD.

First of all, you have to put things in perspective.

During the Clinton administration, the US government cut the deficit, which boosted the USD. This coupled with the boom in Internet and Telecom(from 1999 to the end of 2000), contributed to the strong economy in the U.S.

Things have changed since . The Internet and technology boom came to an end. The economy faltered. Since 911, the Western world is facing a new war- the war on terrorism. Bush's tax cut can only increase government's deficit . That is why the USD has been falling for 2 years now. On top of all these, The war on Iraq is not going well, or much more difficult and complex than the Pentagon anticipated. It costs money, lots of money to engage in a war.


The reasons that CAD has been rising against the green bucs are two fold. (1)The Canadian economy has been doing relatively well. Canada's economy is less dependent on technology.(2) Canada is still considered a resource-based economy, much like Australia. I hope you are aware that the commodity has been rising.: Gold has been trading around $420 vs $350, 5 years ago.
Crude oil just cracked $53, an all time high.


Can the the CAD keep rising ? I doubt it can rise beyond 83 cents. It it does, it will hurt the Canadian exports. US is Canada's largest trading partner. Lets face it. If the CAD is on par with USD, like 28 years ago durng the OPEC oil embargo, do you think those hobbyists south of the border will bother to come here to do their hobbying ?


I am not intimately familiar with the Chinese economy, but I do know that if the US goes to to recession, so will China, so will Canada. Fiscally speaking, China is in much better shape(no deficit, I think). Yet, China is not without its problem. The economy boom can only benefit the lucky ones living in big cities. The gap between the poor and the rich is so big, social unrest will be bound to occur eventually. I created a thread recently about a chinese student living in rural china, who commited suicide because he could not affort the enrance exam fee for university.

Well, back to your original question about shorting the USD. Two things you can do:

(1) Be a contrarian and buy USD. Yes, buy the green buck. I can anticipate a change in the U.S. government, and U.S. economy will change for the better.


(2) Buy gold. An insurance policy every body should have .

Thank for your post. I agree on gold, and have done well, from when it was $250 a few years ago. I was wondering if it would be possible to buy RMB denominated bonds against $US loans. I agree that RMB equities will fall if $US falls.