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Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 4:23 pm
by travelinman67
'I'm having a very good crisis,' says Soros as hedge fund managers make billions off recession
By Mail Foreign Service
Last updated at 5:13 PM on 25th March
http://www.dailymail.co.uk/news/worldne ... ssion.html
A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.
...his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.
And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
'It is, in a way, the culminating point of my life’s work,' he told national newspaper The Australian.
Good for him!!!
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 4:29 pm
by dbackjon
Yup - good for him - smart enough to anticipate/react.
Make him Treasury Secretary!
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 4:57 pm
by travelinman67
dbackjon wrote:Yup - good for him - smart enough to anticipate/react.
Make him Treasury Secretary!
Hell...let's just get rid of the middle man and make him President.
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 5:28 pm
by bobbythekidd
travelinman67 wrote:Hell...let's just get rid of the middle man and make him President.
Sounds like a Dictatorship to me, no thanks T-man.
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 5:35 pm
by AZGrizFan
Anybody else find it interesting that things went to hell in a handbasket shortly AFTER Alan Greenspan pulled chocks?
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 6:36 pm
by travelinman67
AZGrizFan wrote:Anybody else find it interesting that things went to hell in a handbasket shortly AFTER Alan Greenspan pulled chocks?
...and the Dems took over Congress...
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 7:06 pm
by D1B
AZGrizFan wrote:Anybody else find it interesting that things went to hell in a handbasket shortly AFTER Alan Greenspan pulled chocks?
Care to expand on this, Adam Smith?
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 7:23 pm
by HI54UNI
AZGrizFan wrote:Anybody else find it interesting that things went to hell in a handbasket shortly AFTER Alan Greenspan pulled chocks?
Greenspan had stuff f*cked up and got out before the shit hit the fan.
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Wed Mar 25, 2009 7:25 pm
by slycat
Recessions happen in cycles I predicted this shit in high school. I just don't have the money to invest.
Re: Soros Making Billiions On Recession...never saw that coming!
Posted: Fri Mar 27, 2009 6:38 am
by Appaholic
How's this any worse than making money off a war?