Soros: USA is "blah", China is "phenomenal" and now runs the world

[psytrade]

Having read all of his books years ago, he had a certain mystique with me. But he cultivates a kind of transgression with reporters by only giving them one side of the story, with which he'll play 3- card monty with his audience and reporters.

Example:

months ago. ... Euro is flawed and will not be around in 2-5 years.

This week ... Euro is great, it got bailed out by China...

My guess is he fooled China into buying a portfolio of Soverign Euro CDS risk.

It's interesting because his audience dont really care about the subject matter. During the credit crisis, no one in the audience would be able to ask a real question that had actual trading answers- he would say im not at liberty to say, or if I traded, I might know, but I'm retired, etc...

Definitely a geopolitical flooze.

 

[dtan1e]

Quote from EMRGLOBAL:

FedEx fell as much as 3.7 percent in New York trading as results indicate an uneven global recovery, with U.S. shipments trailing growth in more-profitable international express packages.

_______________________________________________________

All my Global Clients are seeing pick up, real solid pick up. A few hickups in Euroland but overall more positive than the Smoke and Mirror numbers from the US.

FedX say's it all. Laying off 1700 people (While the recovery in the US is strong and in Tacked..no doubl dip...uh huh), an Uneven Global Recovery.

Humm read between the lines.

was wondering all the fictitious economic numbers, this is more consistent with propaganda in a socialist state

 

[Gabfly1]

Quote from bearice:

Could someone give me the office/mailing address of George Soros' Quantum Fund. I have search in google but could not find it. I want to send a business proposal to Quantum Fund.

Why not just post it in Chit Chat? I'm sure he'll see it there.

 

[Kassz007]

Quote from bearice:

Could someone give me the office/mailing address of George Soros' Quantum Fund. I have search in google but could not find it. I want to send a business proposal to Quantum Fund.

I'm sure they will be all ears!

 

[MKTrader]

Quote from bearice:

Could someone give me the office/mailing address of George Soros' Quantum Fund. I have search in google but could not find it. I want to send a business proposal to Quantum Fund.

Be careful doing business with convicted felons...

 

[Gabfly1]

Quote from psytrade:

Having read all of his books years ago...

Then you know that he is prone to changing his mind very quickly if he feels the information or circumstances so warrant.

 

[psytrade]

gab, agreed. Too bad his audience doesn't know that

 

[peilthetraveler]

Quote from Debaser82:

We get everything for free while they have to work 24/7 in terrible conditions and get payed in newly printed paper money of which we could easily print a few trillion more if needed...

Who is really winning one might think.

Exactly. Compared to the rest of the world, the USA is still the land of milk & honey. Even homeless people can make more begging on the street one day in the usa, than alot of chinese can make in 1 month working 12 hour days in a factory.

People say we dont "make" anything, but thats not true. We make dollars and the world would rather have our dollars than some chinese made item that will break in 6 months.

We also sell the dream and thats something people are willing to pay for. People do not go to china for a better life(unless they are north koreans). People go to America for the better life. 500k mexicans per year cant be wrong, can they?

 

[Scataphagos]

Quote from peilthetraveler:

"... People go to America for the better life. 500k mexicans per year cant be wrong, can they?

Hard to tell. Would they still want to come here if there were no generous social payments? If they had to compete for jobs with Americans? What about the other 2.5 Million/yr illegals?

 

[endsongs]

Quote from Debaser82:

We get everything for free while they have to work 24/7 in terrible conditions and get payed in newly printed paper money of which we could easily print a few trillion more if needed...

Who is really winning one might think.

That's my point. Many of the social programs have inflation/cost of living adjustments. So the Fed and gov't would be forced to print ever increasing amounts of $ to keep up with rising prices.

And to the poster who said we would just stop buying, don't think so. A high % of the items from China are used in everyday life and are necessities.