Did Soros really lose the battle in Hong Kong in 1998? New attack now?

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GloriaBrown

Hong Kong market had the biggest drop in one day yesterday, which broken the record created in Soros attack period back in 1998. Did he really lose the battle? Most of the people believe he lost, but I think his team and over 250 hedge funds with him attacked future, stock, and Hong Kong currency and looked like they did win big in future and stock. May be they just predicted they lost in media just for political reason. What do you guys think?

By the way, people saw Soros in Hong Kong recently, then that drop record happened yesterday, hard to not connect the event with him. What do you guys think? Another much bigger and well planned attack after almost 20 years now? China market looks like a crisis now with like half of the listed companies are still closed and not traded.
 
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I think you're an tinfoil-hat wearing idiot. No one speculator can take down a currency or country unless there is some fundamental economic flaw to be exploited in the first place.

Iceland was crying to the IMF in 2007 with exactly the same tune "Oh these speculators are trying to destroy us like they destroyed Tiger Asia in 1998, IMF please help us our fundamentals are very solid the evil speculators are just spreading bad rumors!". Next year they were bankrupt and then the curtain is pulled on their scam.

Same with the credit bubble in China now. Stop blaming Soros for countries implementing flawed economic policies.
 
GloriaBrown said:
Hong Kong market had the biggest drop in one day yesterday, which broken the record created in Soros attack period back in 1998. Did he really lose the battle? Most of the people believe he lost, but I think his team and over 250 hedge funds with him attacked future, stock, and Hong Kong currency and looked like they did win big in future and stock. May be they just predicted they lost in media just for political reason. What do you guys think?

By the way, people saw Soros in Hong Kong recently, then that drop record happened yesterday, hard to not connect the event with him. What do you guys think? Another much bigger and well planned attack after almost 20 years now? China market looks like a crisis now with like half of the listed companies are still closed and not traded.
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I do not know who won the battle in 1998. But the Hong Kong government made a lot afterwards:
https://books.google.com/books?id=ododcyMKQLkC&pg=PA141&lpg=PA141&dq=1998+Hong+Kong+exchange+fund+gain&source=bl&ots=DbIoUQiznh&sig=YHyhFWWSWmIx_O2ok7nyaMhxaZQ&hl=en&sa=X&ei=eo-eVeibG8qy-AHNsoGQBQ&ved=0CFQQ6AEwCA#v=onepage&q=1998 Hong Kong exchange fund gain&f=false
 
Butterball said:
I think you're an tinfoil-hat wearing idiot. No one speculator can take down a currency or country unless there is some fundamental economic flaw to be exploited in the first place.

Iceland was crying to the IMF in 2007 with exactly the same tune "Oh these speculators are trying to destroy us like they destroyed Tiger Asia in 1998, IMF please help us our fundamentals are very solid the evil speculators are just spreading bad rumors!". Next year they were bankrupt and then the curtain is pulled on their scam.

Same with the credit bubble in China now. Stop blaming Soros for countries implementing flawed economic policies.
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Kid, read the history before you reply, Soros had broken many Asian countries' currencies before they attacked Hong Kong. With Soros controlled capitials with other 250+ hedge funds, actually I didn't imagine how could Hong Kong defense it around 20 years ago, it looked like Soros did win.
 
Asians currencies eg Thailand, South Korea were already broken, officials were in denial, Soros did them a favor by forcing their hand, off wasteful policies sooner rather than later...
 
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