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Soros shorting yen, buying Japan stocks: report
Market Watch ^ | V. Phani Kumar | Dow Jones Newswires

Posted on 06/07/2013 6:45:14 PM PDT by TexGrill

HONG KONG (MarketWatch) -- A hedge fund run by billionaire investor George Soros was back placing bets in Japan, shorting the yen and snapping up local stocks, according to a Dow Jones Newswires report Friday, citing a source close to the matter. Soros returned to the market following some signs of stability in the Japanese bond market, the source was cited as saying in the report. The person said that while the sharp recent fall in Japanese equities was a "surprise," the current level of stocks was "very attractive" as economic data and earnings were expected to pick up, Dow Jones reported. The Nikkei Stock Average /quotes/zigman/5986735 JP:NIK -0.21% fell 2.1% in Friday's afternoon trading, and had entered a so-called bear market after dropping more than 20% from its 52-week peak reached on May 23. The U.S. dollar /quotes/zigman/4868099/sampled USDJPY +0.5627% , meanwhile, was trading at ¥96.34, also sharply down from its May highs above ¥103.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Japan; News/Current Events
KEYWORDS: gold; goldbugs; japan; nikkei; sorosjapan
Didn't Soros do the same thing right before the Asian Financial Crisis of 1997? Then afterwards, he hired Joe Studwell, to write a book called Asian Godfather, in which the book blames Asian businessmen for the financial crisis, and funny no mention of his good buddy, George Soros. Soros isn't even named in the book's index.
1 posted on 06/07/2013 6:45:14 PM PDT by TexGrill
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To: TexGrill

He’s already made good money on this depending on when he went in. Dennis Gartman has been proposing this trade for some time (since JPN has been degrading their currency). Looking at TM and HNC, they don’t look too bad chart wise.


2 posted on 06/07/2013 6:51:47 PM PDT by BipolarBob
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To: TexGrill
This is how a man with no integrity does it. He needs money because his MO needs it...and his MO needs an illusion of integrity. Otherwise, it is difficult to defend your MO to others also lacking (but in desperate need of) integrity.

Satan believes he has and needs integrity...he is a liar and lies to himself first and foremost.

He believes he is right and righteous...and his follower Barack Obama feels the same way.

Obama is first and foremost a follower of Lucifer. Anyone who believes otherwise is simply naive.

This I can prove!

3 posted on 06/07/2013 6:53:32 PM PDT by RoosterRedux
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To: BipolarBob

All the money in the world will not allow him to live any longer.


4 posted on 06/07/2013 6:58:07 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
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To: RoosterRedux

I think you gotta point there. One time, I’m walking down a street in Beijing where many rich and powerful people of the world visit. I see this old guy with the meanest look on his face I’ve ever seen. He appeared to be a man tormented by some demons. Then when I walked passed him he looked at me for me for a brief moment, he doesn’t know who I am but I felt a real diabolical goon glared at me. I felt like I needed to take a shower immediately. But I couldn’t figure out who it was, until a day later I thought it could have been George Soros, so I Google searched his name and discovered he was at a business conference in Beijing on that day.


5 posted on 06/07/2013 6:59:07 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill
He's not getting any younger and wants to live long enough to see his life's work completed.

Soon the Japanese domino will fall.

And the next domino will be...?

6 posted on 06/07/2013 7:01:31 PM PDT by GBA (Here in the Matrix, life is but a dream.)
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To: TexGrill

Why would Soros telegraph his moves like this?

More likely he is doing exactly the opposite.


7 posted on 06/07/2013 7:03:23 PM PDT by DManA
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To: DManA

Of course.


8 posted on 06/07/2013 7:04:17 PM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

His eternity in hell will give him plenty of time to reflect on his obsession with making money, money that he couldn’t take with him. Sad, very sad.


9 posted on 06/07/2013 7:05:06 PM PDT by doc1019 (There is absolutely no difference between pro-choice and pro-abortion.)
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To: DManA

“More likely he is doing exactly the opposite.”

I agree. I think he just wants everyone on his side of the fence so that he can liquidate his positions at the best price possible. And no one (he thinks) will be the wiser.


10 posted on 06/07/2013 7:12:03 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: TexGrill

You only think I guessed wrong! That’s what’s so funny! I switched glasses when your back was turned! Ha ha! You fool! You fell victim to one of the classic blunders - The most famous of which is “never get involved in a land war in Asia” - but only slightly less well-known is this: “Never go against a NAZI when MONEY is on the line”! Ha ha ha ha ha ha ha! Ha ha ha ha ha ha ha! Ha ha ha..


11 posted on 06/07/2013 7:13:19 PM PDT by DManA
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To: TexGrill; All
Could someone back me up on this? IIRC, Soros announced he was going to bring down the US dollar when Clinton was impeached. He then stared MoveOn.org. He set up the SOS(Secretaries of State) Project after the 2000 election to get more Dems into a position where they could make election decisions. This man is a bitter manipulator. I hope he suffers greatly for his deeds.
12 posted on 06/07/2013 7:21:53 PM PDT by originalbuckeye (Never yield to force; never yield to the apparently overwhelming might of the enemy)
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To: TexGrill

Soros always reminds me of a James Bond movie villain.

About feeling a bad vibe emanating from a person, this happened to me once when I was at the checkout line at a local store. I felt something to my right side, I looked and there were two short young guys of small build. One had dark hair and the other had lighter hair. I actually felt a force field coming from them. Some time later there was a young woman who disappeared and was found murdered a few days later. The police did their investigation and came up with two suspects—they were the same two guys that creeped me out at the check out lane. One committed suicide before being caught and the other was tried and sent to prison.


13 posted on 06/07/2013 7:26:20 PM PDT by cradle of freedom (Long live the Republic !)
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To: TexGrill

Isn’t Soros known as the man who broke the Bank of England?
It would be heck of a record to do it for several countries in one lifetime.


14 posted on 06/07/2013 7:27:43 PM PDT by tbw2
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To: originalbuckeye

I thought Joan Blades started MoveOn.


15 posted on 06/07/2013 7:31:42 PM PDT by thecodont
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To: originalbuckeye

Dictator of the United States. Today the United States—tommorrow the world!


16 posted on 06/07/2013 7:31:52 PM PDT by cradle of freedom (Long live the Republic !)
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To: TexGrill

This is sort of silly since Prime Minister Abe in concert with the central bank of Japan are deliberately driving down the Yen to stimulate exports. They’re probably not all that offended with Soros or anyone else “shorting” the Yen, it saves them the effort.


17 posted on 06/07/2013 7:38:01 PM PDT by RegulatorCountry
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To: originalbuckeye

Soros made his fortune by betting on the breaking of the pound peg to the Dmark.

As much as I detest the man he was correct in that investment, as he probably is by being short the yen. The Japanese central bank has announced that they are going to double the fiat money supply of the yen. If they actually do so, the yen must be destroyed. It’s not Soros’s fault that the JCB is profoundly debasing their own currency.

That said, the world will not mourn the passing of a Jewish Nazi collaborator, no matter his wealth.


18 posted on 06/07/2013 7:38:33 PM PDT by RugerMini14
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To: volunbeer

Truth to that.


19 posted on 06/07/2013 7:40:15 PM PDT by stevio (God, guns, guts.)
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To: TexGrill

freaky


20 posted on 06/07/2013 8:34:12 PM PDT by bgill (The problem is...no one is watching the Watch List!)
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To: volunbeer

Too bad he has spawned.


21 posted on 06/07/2013 8:36:25 PM PDT by Mortrey (Impeach President Soros)
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To: RoosterRedux

Prove it?

Already self evident.

PRISM !


22 posted on 06/08/2013 7:38:33 AM PDT by Para-Ord.45 (t ask the BIG question,)
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To: TexGrill

Spooky Dude is a danger to all free societies. He ought to be deported.


23 posted on 06/08/2013 8:58:22 AM PDT by TBP (Obama lies, Granny dies.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks TexGrill.


24 posted on 06/08/2013 9:17:16 AM PDT by SunkenCiv (McCain would have been worse, if you're a dumb ass.)
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