Brilliant analysis from the worlds most brilliant macro investor.

[athlonmank8]

Soro's fund nailed the Yen trade too. 15 minutes of fame? Come on......

http://www.forbes.com/sites/afontev...n-2013-short-the-yen-bet-against-bill-ackman/

 

[i am nobody]

Soro's fund nailed the Yen trade too. 15 minutes of fame? Come on......

http://www.forbes.com/sites/afontev...n-2013-short-the-yen-bet-against-bill-ackman/

I nailed that one too. But already in 2012 short Yen. I know surf will not believe me.
So I will add this part of a PM. My position was mentioned by accident in one of the many conversations I have. Normally I never speak about my positions.
Oh, and whatch the EURO/JPY chart 2012-2014.
And YES TA does not work that's already very clear to me, thanks to marketsurfer.

Here's the posting:

 

[piezoe]

Thanks to those who helped correct my bad spelling. I appreciate it!

 

[loyek590]

Thanks to those who helped correct my bad spelling. I appreciate it!

we were just funning with you
internet has created a whole new language where anything goes if it is understood

I've watched all of the Soros lectures, brilliant? yes probably like Keynes, we'll never know because their ideas will never be tried

 

[jsp326]

Partisan trashy ET poster praises partisan convicted felon (sorry, couldn't go too far with the alliteration.)

Run along, children. Nothing but a mindless sycophant here...

 

[SunTrader]

yes probably like Keynes, we'll never know because their ideas will never be tried

Hysterical that his ideas are even given the time of day!

Let alone trillions of pissed away resources.

 

[loyek590]

Hysterical that his ideas are even given the time of day!

Let alone trillions of pissed away resources.

hmmm, I don't think I've ever heard of a government raising taxes and cutting spending when times were good like Keynes envisioned

 

[SunTrader]

hmmm, I don't think I've ever heard of a government raising taxes and cutting spending when times were good like Keynes envisioned

Problem is we have been inflating our economies ever since Keynesian policies became the norm so there hasn't been any "real" good time periods to raise taxes and cut spending.

Bubble, bust. Rinse, repeat. Conservatives and liberals politicians alike. They all (well not really all) worship at the Keynes altar. It wins elections.

But somehow lost in all this is, is the fact people and businesses have to balance their books. Governments just print more "assets" until they can no longer. All thanks to Keynes.

 

[loyek590]

Problem is we have been inflating our economies ever since Keynesian policies became the norm so there hasn't been any "real" good time periods to raise taxes and cut spending.

Bubble, bust. Rinse, repeat. Conservatives and liberals politicians alike. They all (well not really all) worship at the Keynes altar. It wins elections.

But somehow lost in all this is, is the fact people and businesses have to balance their books. Governments just print more "assets" until they can no longer. All thanks to Keynes.

agree with you on the getting elected part. Bush first term after Clinton would have been a good time to raise taxes, or at least not cut them and start drastically reducing government spending just like the Keynesian model advised. That dry powder could have come in real handy in 2008. We could then have had the ability to cut taxes and stimulate with more spending.

I also agree with you on the fed bubble makers. Getting back to Soros, his main deal was markets are a very poor judge of the future economy.

 

[SunTrader]

agree with you on the getting elected part. Bush first term after Clinton would have been a good time to raise taxes, or at least not cut them and start drastically reducing government spending just like the Keynesian model advised. That dry powder could have come in real handy in 2008. We could then have had the ability to cut taxes and stimulate with more spending.

I also agree with you on the fed bubble makers. Getting back to Soros, his main deal was markets are a very poor judge of the future economy.

It goes way, way back before Bush. FDR is a good start of where we went off the tracks.

But to get back on topic agree Soros (other than his politics) is brilliant and correct that markets are not all that forward looking. How can they be?

In wars, politics, economics, air travel safety (think Germanwings flight) we are always fighting the last battle. Because who knows how the next battle will be fought. No crystal ball.

There is only today's newspaper with yesterday's news.