Comments on: Markets could be derailed again, warns Soros

By: reason

reason — Thu, 21 Oct 2010 15:37:29 +0000

Over the last year Sorros advised people to get out of Gold while behind the scenes he was buying Gold mines.

Gold is at historical levels with no end in sight, Most all the nations are acquiring Gold for their reserves, and demand seems to be at an all time high.

People brag about Sorros pulling a 30% return on investments, last year I pulled 34.6% by ignoring Sorros.

Be alert and do your own thinking.

By: chauney

chauney — Thu, 17 Jun 2010 00:01:03 +0000

Soros is manipulating the democrats to his benefit-not just the markets. He may be the one who gave us $4 gas which almst halted car sales which then caused mass layoffs which then caused the housing problem. If the government is run by czars who make policy -Make em up as you go- which makes it easy to manipulate whatever market you want.

By: MIS91

MIS91 — Tue, 20 Apr 2010 20:45:41 +0000

Trojan…That’s a great strategy…don’t even attempt to defend Obama just blame Bush and all will be well. Bush fed our arm to the lions so let’s all stick our heads in the sand while Obama feeds the rest of us to the beast.

By: sparafucilli

sparafucilli — Sun, 18 Apr 2010 03:18:17 +0000

In Benoit Mandelbrot’s book ‘The (Mis)Behavior of Markets” Benoit presents 10 of what he identifies as “Heresies of Finance” a few of which are:

-Markets are turbulent
-Markets are very, very risky (more risky than standard theories imagine)
-Prices often leap, not glide
-Markets are inherently uncertain, and bubbles are inevitable
-Markets are deceptive
-In Financial Markets, the idea of value has limited value

Read the book to get an insight into what markets actually are in practice, not theory.

By: TyroneJ

TyroneJ — Fri, 16 Apr 2010 19:40:46 +0000

The inherent instability of markets is, and has always been, a given throughout human history. Only the most economically ignorant would argue otherwise. That is why going back through recorded history, there are always boom & bust cycles, mania (like the East India Company, the Dutch Tulip Craze, the Dot.com bubble, the mortgage mess, etc.) The real issue is whether regulators have the nerve, much less the authority, to put the proper controls into place.

By: jantonio

jantonio — Fri, 16 Apr 2010 17:20:10 +0000

There is stability and stability.
Ecosystems are in dynamic equilibrium but with large excursions. Like in Economics, where large predators consume all available prey. Result is population crashes. Hence wildlife management.

By: Wileycoyote123

Wileycoyote123 — Fri, 16 Apr 2010 15:20:59 +0000

These financial crisises are each larger than the last, and all having a common genesis. The common genesis, in each instance I know of, was public policy. When the crisis hits, the answer is always the same: greater concentration of power. This in turn results in a new, even larger crisis, which is resolved in the same way, ad infinitum. To predict that there will be an even greater crisis is hardly newsworthy. Didn’t Karl Marx predict that “capitalism” would end in this way?

By: smitty123

smitty123 — Fri, 16 Apr 2010 14:49:45 +0000

Soros is dead on in that financial markets are inherently unstable. Many people become confused because there are many examples of other types of markets that tend to be very stable. You can’t lump all markets into the same basket.

Soros is probably one of the best high-risk investors in history. He makes his money by playing financial market instability. If he were wrong, he’d be broke.

However, he isn’t always correct on the timing. He predicted our latest bubble and crash so far in advance that it seemed like he was wrong, however, he was right. His understanding is very deep, so he knew we were on an unsustainable path far before the markets did, or anyone else did for that matter.

He’s dead on, and it is even very likely that the next complete collapse could end in catastrophe. Almost by definition, the last collapse will be devastating. Our financial markets are driving our country to disaster. If the break up of the Euro seems bad, think of the breakup of the Dollar and the US government. If it leads itself to financial ruin by trying to guarantee financial markets, eventually states will split off and you either have a civil war or a split up like the Soviet Union.

Serious stuff. We’ve been lead into the abyss by terrible economists that cater to big finance, and the politicians that believe what they say.

By: Bugler

Bugler — Fri, 16 Apr 2010 14:40:46 +0000

Soros is panicking? This guy make BILLIONS betting on an manipulating down markets. He spends MILLIONS on NGOs that disrupt and influence traditional societies. He is a sel-proclaimed master of the universe. Constitution1st has a similar post. I will say it: SOROS IS EVIL. He is beyond greed, He believes he is G*d.

By: Battlespeed

Battlespeed — Fri, 16 Apr 2010 07:53:31 +0000

It’s impossible to evaluate Soros’ warning without knowing what he means by markets being “inherently unstable”. He seems to be talking about markets that are “over-leveraged”, but that seems like an odd position for a man like him to take since he himself has used leverage in shockingly unethical ways to destabilize markets like no other robber-baron in history. One has to wonder just what “public policy” he would advocate. Perhaps one that criminalizes an “investment guru” who knows his words will be acted upon from “forecasting” that prices will fall…resulting in prices falling…while accumulating a long position in that same market? A policy like that – presuming it is implemented by the imposition of a good long stretch in prison – is one that I could certainly get behind, but I seriously doubt I’d see Soros standing beside me.