Legendary investor George Soros is short U.S. stocks, emerging market currencies against the dollar and long U.S. gov’t bonds. He believes 2016 is a year destined for deflation, one that pressures stocks and causes the Fed to reverse its dastardly rate hike mistake and cut interest rates back to zero.
Some highlights:
The U.S. economy is slowing down because of deflation.
It became apparent after oil dropped and households saved the savings because they felt prices would drop.
The Fed rate hike was a mistake.
QE works; but has a diminishing return.
He sounds pretty sharp for a 200 year old.
Long TLT.
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A fellow SAM perhaps?
SAM? I live near Seattle, so if I google that, it says Seattle Art Museum.
I live near San Fran, so if I google that, it says Sam Reece (Twitter handle)
Space Alien Magician, you moron
It’s all noise. It’s now obvious to everyone what the problems with the market are…commodities, emerging markets, high yield debt ect….which means most of it is priced in, barring some external catastrophic event. The market is speaking if you listen. It’s saying DO NOT buy TLT and get long equities. That is all.
QE doesn’t work because it goes to the banks. The stimulus needs to go to the people, who will spend it on stuff they need. Stock Cats on Twitter will give every citizen a debit card with 10K on it, if he becomes president.
Alternately, the government could give people jobs fixing our falling down infrastructure.
I can’t bear to watch it. Anyhow he is probably shorting oil. Greenspan & Soros not a pretty picture. At least with Faber I can recollect Sprockets – now is the time to dance -lol.
It seems that whenever famous investors come on the TeeVee and say they are long or short, then it is probably true at the moment they are on TeeVee. But they seem to go on TeeVee a day or an hour before they reverse their position.
Another good day for buying and selling.
I agree he’s smart, but then even a special needs 2 year old can see the rate hike was a big mistake.