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You're probably right (and you'll remain right if "Soros" is replaced with the name of many, many people), but I don't think you're the kind of source the grand
by _yosefk 11y ago
You're probably right (and you'll remain right if "Soros" is replaced with the name of many, many people), but I don't think you're the kind of source the grandparent asks for; I think they wanted evidence that Soros shorted the euro or something similar.
Even if he's short the euro, it kinda seems that no single famous, connected billionaire can make or break the euro. It's, like, a really, really big, erm, thing. He ought to believe his bet to be correct rather than hope that him talking about it will move the market very much. So if he's indeed short the euro, I'd guess you're hearing his true opinion (which doesn't make him right, it's not like he's never lost money, it just probably means he's honest in this particular instance.)
- feral 11y ago>Even if he's short the euro, it kinda seems that no single famous, connected billionaire can make or break the euro. It's, like, a really, really big, erm, thing. The euro is bigger than GBP, but: You do know he broke the British Pound, right? http://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/ http://priceonomics.com/the-trade-of-the-century-when-george...
- _yosefk 11y agoYour link says John Major instituted a fixed exchange rate regime and made pounds overpriced. Soros didn't even break the news (a German official did), he just made the most profit shorting the pound. I wouldn't call it "breaking the pound" unless you think the pound was priced about right and he made his profit manipulating the public opinion and thus moving the market. BTW, I found the interview rather trite; he's really full of it.