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Posts Tagged ‘Soros’

Putin is No Ally Against ISIS

Posted by hkarner - 10. Februar 2016

Photo of George Soros

George Soros

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union.

FEB 10, 2016, Project Syndicate

MUNICH – The leaders of the United States and the European Union are making a grievous error in thinking that President Vladimir Putin’s Russia is a potential ally in the fight against the Islamic State. The evidence contradicts them. Putin’s current aim is to foster the EU’s disintegration, and the best way to do so is to flood the EU with Syrian refugees.

Russian planes have been bombing the civilian population in southern Syria forcing them to flee to Jordan and Lebanon. There are now 20,000 Syrian refugees camped out in the desert awaiting admission to Jordan. A smaller number are waiting to enter Lebanon. Both groups are growing.

Russia has also launched a large-scale air attack against civilians in northern Syria. This was followed by a ground assault by Syrian President Bashar al-Assad’s army against Aleppo, a city that used to have 2 million inhabitants. The barrel bombs caused 70,000 civilians to flee to Turkey; the ground offensive could uproot many more. Den Rest des Beitrags lesen »

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Wirtschaftsforum in Davos: Die Welt bangt um Europa

Posted by hkarner - 24. Januar 2016

Date: 24-01-2016
Source: SPIEGEL

Wie steht es um Europa? Schlimm, wenn man der Stimmung beim Weltwirtschaftsforum in Davos glaubt. In den Augen vieler droht der Kontinent auseinanderzudriften. Die letzte Hoffnung ruht auf Angela Merkel.

George Soros ist nicht gerade das, was man einen Optimisten nennt. Aber so düster wie an diesem Abend in Davos klang der 85-Jährige Multimilliardär schon lange nicht mehr. Die Lage sei Besorgnis erregend, sagt Soros mit brüchiger Stimme. “Die Europäische Union fällt auseinander.” Wenn die EU es nicht schaffe, eine gemeinsame Asylpolitik zu formulieren, werde der Konflikt die Gemeinschaft sprengen.

Der legendäre Investor mag der einzige sein, der seine Sorge um Europa öffentlich so drastisch formuliert. Doch allein ist er mit seinem Pessimismus nicht. Selten war die Stimmung beim Weltwirtschaftsforum in den Schweizer Alpen so schlecht wie in diesem Jahr – und die Unsicherheit so groß. Den Rest des Beitrags lesen »

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Picnic for the bears

Posted by hkarner - 19. Januar 2016

Date: 18-01-2016
Source: The Economist: Buttonwood

Fears of deflation and recession hit markets

Signs of apocalypseGLOOM seems to have descended at the start of 2016. Equity markets have had the worst start to the year in at least two decades. The great and the good have queued up to warn of the dangers ahead.

George Soros, a fund manager, said the Chinese financial environment reminded him of 2008, when the financial crisis was at its height. Larry Summers, a former American treasury secretary, declared in the Financial Times: “The global risk to domestic economic performance in the US, Europe and many emerging markets is as great as any time I can remember.” George Osborne, Britain’s chancellor, spoke of a “cocktail of threats” facing the global economy.

The chart shows a number of indicators of concern, from rising credit spreads (the interest-rate premium paid by risky borrowers) to slumping stockmarkets in the emerging world. Investors have many worries. The first is that the Chinese economy is weaker than the GDP statistics suggest. Falling commodity prices, the collapse in the Baltic Dry index (which tracks the cost of shipping bulk goods) and the sluggish growth of global trade can all be seen as signs of weakness. Given China’s importance to global growth, this means that 2016 may turn out to be yet another year when growth disappoints. Den Rest des Beitrags lesen »

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Kommt jetzt die große Finanzkrise?

Posted by hkarner - 11. Januar 2016

Andreas Männicke, 10-1-2016Männicke

Die Weltbörsen wurden mit 2 gewaltigen China-Böllern in das neue Jahr des Affen geschickt. Aufgrund schwacher Konjunkturdaten in China wurde der Handel an der Börse an 2 Tagen mit einem Minus von jeweils 7 Prozent ausgesetzt, was die Anleger auch global verunsicherte. Zusätzlich wurde der Yuan (Renmimbi) gegenüber dem US-Dollar mehrfach abgewertet, was zu Kettenreaktionen bei Schwellenländerwährungen führte.

Hinzu kamen geopolitische Risiken wegen des sich verschärfenden Konflikts Saudi-Arabien gegen Iran, die ihre diplomatischen Beziehungen abbrachen. Nord-Korea zündete erstmals eine Wasserstoffbombe, was als großer Erfolg gefeiert wurde, die restliche Welt aber in Angst und Schrecken versetzte. In Deutschland macht das „Antanzen der Nord-Afrikaner“ in der Silvesternacht Sorgen. Dieses Jahr begann damit sehr turbulent und verspricht weiterhin sehr abwechslungsreich zu werden.

Schwacher Börsenstart ins „Jahr des Affen“ Den Rest des Beitrags lesen »

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How to Fight Jihadi Terrorism

Posted by hkarner - 30. Dezember 2015

Photo of George Soros

George Soros

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union.

DEC 29, 2015, Project Syndicate

NEW YORK – Open societies are always endangered. This is especially true of America and Europe today, as a result of the terrorist attacks in Paris and elsewhere, and the way that America and Europe, particularly France, have reacted to them.

Jihadi terrorists, like the Islamic State (ISIS) and Al Qaeda, have discovered the Achilles heel of our Western societies: the fear of death. By stoking that fear through horrific attacks and macabre videos, the publicists of ISIS awaken and magnify it, leading otherwise sensible people in hitherto open societies to abandon their reason. Den Rest des Beitrags lesen »

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Rebuilding the Asylum System

Posted by hkarner - 26. September 2015

Photo of George SorosGeorge Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including
The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, and The Tragedy of the European Union.

SEP 26, 2015, Project Syndicate

NEW YORK – The European Union needs to accept responsibility for the lack of a common asylum policy, which has transformed this year’s growing influx of refugees from a manageable problem into yet another political crisis. Each member state has selfishly focused on its own interests, often acting against the interests of others. This precipitated panic among asylum seekers, the general public, and the authorities responsible for law and order. Asylum seekers have been the main victims.

The EU needs a comprehensive plan to respond to the crisis, one that reasserts effective governance over the flows of asylum-seekers so that they take place in a safe, orderly way, and at a pace that reflects Europe’s capacity to absorb them. To be comprehensive, the plan has to extend beyond the borders of Europe. It is less disruptive and much less expensive to maintain potential asylum-seekers in or close to their present location. Den Rest des Beitrags lesen »

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Europe at War

Posted by hkarner - 13. Januar 2015

Date: 12-01-2015
Source: Project Syndicate

GEORGE SOROSsoros

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means and The Tragedy of the European Union.

NEW YORK – By invading Ukraine in 2014, President Vladimir Putin’s Russia has posed a fundamental challenge to the values and principles on which the European Union was founded, and to the rules-based system that has kept the peace in Europe since 1945. Neither Europe’s leaders nor its citizens are fully aware of the scope of this challenge, much less how to deal with it.

Putin’s regime is based on rule by force, manifested in repression at home and aggression abroad. But it has been able to gain a tactical advantage, at least in the short term, over the EU and the United States, which are determined to avoid direct military confrontation.

Violating its treaty obligations, Russia annexed Crimea and established separatist enclaves in eastern Ukraine’s Donbas region. When it appeared last summer that the Ukrainian government might win the war in Donbas, Putin ordered an invasion by regular Russian armed forces. Preparations for a second wave of military action began in November, when Putin provided separatists with a new influx of armored columns and personnel. Den Rest des Beitrags lesen »

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The World Economy’s Shifting Challenges

Posted by hkarner - 2. Januar 2015

Date: 01-01-2015
Source: Project Syndicate

GEORGE SOROSsoros_lightbox

George Soros is Chairman of Soros Fund Management and Chairman of the Open Society Foundations. A pioneer of the hedge-fund industry, he is the author of many books, including The Alchemy of Finance, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means and The Tragedy of the European Union.

NEW YORK – As 2014 comes to a close, efforts to revive growth in the world’s most influential economies – with the exception of the eurozone – are having a beneficial effect worldwide. All of the looming problems for the global economy are political in character.

After 25 years of stagnation, Japan is attempting to reinvigorate its economy by engaging in quantitative easing on an unprecedented scale. It is a risky experiment: faster growth could drive up interest rates, making debt-servicing costs unsustainable. But Prime Minister Shinzo Abe would rather take that risk than condemn Japan to a slow death. And, judging from the public’s enthusiastic support, so would ordinary Japanese.

By contrast, the European Union is heading toward the type of long-lasting stagnation from which Japan is desperate to escape. The stakes are high: Nation-states can survive a lost decade or more; but the EU, an incomplete association of nation-states, could easily be destroyed by it. Den Rest des Beitrags lesen »

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„Die wahre Gefahr ist eine Deflation“

Posted by hkarner - 6. November 2014

von Katharina Schneider, handelsblatt.com

Von Inflation will George Soros beim Deutschland Dinner nichts wissen. Die EU fordert er zum Handeln gegen Russland auf. Er erklärt seinen Spekulationserfolg – und dann entweicht ihm ein Kommentar zum Euro-Dollar-Kurs.

Düsseldorf. Wenn sich George Soros zu den Finanz- und Devisenmärkten äußert, kann das schnell zu Kursturbulenzen führen. Mit konkreten Investment-Tipps hält sich der Starinvestor deshalb auch beim Handelsblatt Deutschland Dinner lieber zurück. Hilfreiche Denkanstöße gibt er trotzdem. Er erklärt, wie er als Spekulant so erfolgreich wurde, was er vom Kräftemessen zwischen der Europäischen Union und Russland hält und wie er die Zukunft des Euro sieht.

Ein philosophischer und menschenfreundlicher Spekulant sei er, sagt Soros im Gespräch mit Handelsblatt-Herausgeber Gabor Steingart. Was zunächst widersprüchlich klingt, wird durch seine Erklärung schnell plausibel. Er habe stets versucht, die Welt und die Wirklichkeit zu verstehen. Und das sei gar nicht so einfach, denn „die Wirklichkeit wird durch das eigene Denken beeinflusst“. Deshalb müsse man sich jeden Tag kritisch damit auseinandersetzen, ob die eigene Idee von der Wirklichkeit tatsächlich stimme.

Dass persönliche Überzeugungen einen großen Einfluss auf die Märkte haben können, hat Soros unter anderem mit seiner berühmten Wette gegen das Pfund bewiesen. 1992 setzte er auf den Absturz der Währung, brachte sie mit massiven Devisenverkäufen unter Druck und zwang so die britische Notenbank dazu, sich von den festen Wechselkursen des Europäischen Währungssystems (EWS) zu lösen. Ihm selbst brachte das über Nacht eine Milliarde Dollar ein.

Kein Wunder also, dass viele Handelblatt-Leser diesen Mann einmal live erleben wollten. Rund 400 kamen am Dienstagabend ins Düsseldorfer Ständehaus K21 und hörten dem Amerikaner, der in Ungarn geboren wurde, aufmerksam zu. Soros Vermögen wird vom Forbes Magazin aktuell auf rund 23 Milliarden Dollar geschätzt. „Das ist ungefähr richtig“, bestätigt er im Gespräch mit Steingart. Als junger Mann hatte er sich einst vorgenommen, innerhalb von fünf Jahren 500.000 Dollar zu verdienen und sich dann zur Ruhe zu setzen. Das finanzielle Ziel hatte er schnell übererfüllt, auf ein Rentnerleben scheint er noch immer keine Lust zu haben. Den Rest des Beitrags lesen »

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Japan’s pension giant: Risk on

Posted by hkarner - 16. März 2014

Date: 15-03-2014
Source: The Economist

The world’s largest pension fund is changing the way it invests, with big consequences for the market

WHEN George Soros, a billionaire investor, met Shinzo Abe, the prime minister of Japan, at Davos in January, he hectored him about asset management. Japan’s massive public pension fund needed to take more risk, he reportedly told Mr Abe. With ¥128.6 trillion ($1.25 trillion) of assets, the Government Pension Investment Fund (GPIF) is the world’s biggest public-sector investor, outgunning both foreign rivals and Arab sovereign-wealth funds. Yet its mountain of money is run by risk-averse bureaucrats using an investment strategy not much more adventurous than stuffing bundles of yen under a futon. It keeps around two-thirds of assets in bonds, mostly of the local variety. Like an investing novice, it mostly follows indices passively, and hardly ventures abroad.

The government would dearly love to oblige Mr Soros. Mr Abe is now taking steps to overhaul the fund. In November last year an official panel laid out a plan of far-reaching reform, some of which could take effect as soon as this year. To boost returns to future pensioners, it concluded, the GPIF should reduce its reliance on bonds, head into stocks and also invest in different asset classes including infrastructure and venture capital. Den Rest des Beitrags lesen »

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