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Posts Tagged ‘George Soros’

4 June 2012               03:04 ET

Billionaire investor George Soros has warned European leaders they have a “three-month window” to save the euro.

He said he believed Greece would elect a government willing to abide by loan conditions imposed by the EU in this month’s elections.

But he said the German economy would begin to weaken in the autumn, making it much harder for Chancellor Angela Merkel to provide further support.

He said leaders did not understand “the nature of the crisis”.

He said that while European leaders were focusing on debt levels, the crisis was “more of a banking problem and a problem of competitiveness”.

For this reason, he said they had “applied the wrong remedy”.

“You cannot reduce the debt burden by shrinking the economy, only by growing your way out of it,” he added.

Mr Soros, speaking at a conference in Italy, was referring to the drastic austerity measures that have been implemented across Europe, measures that are now being questioned by a growing number of politicians and commentators.

Weaker Germany

Without policies to boost growth, which would enable governments to raise revenue to pay down debt, Mr Soros said time was running out for the euro.

“I expect the Greek public will be sufficiently frightened by the prospect of expulsion from the EU that it will give a narrow majority of seats to a coalition that is ready to abide by the current [bailout] agreement,” he said.

However, this would provide only temporary respite, he warned, as the German public becomes less willing to continue bailing out its weaker European neighbours.

“The crisis is likely to come to a climax in the [autumn]. By that time, the German economy will also be weakening, so that Chancellor Merkel will find it even more difficult than today to persuade the German public to accept any additional European responsibilities.

“That is what creates a three-month window.”

from:  http://www.bbc.co.uk/news/business-18320881

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George Soros was born on August 12th, 1930 according to http://en.wikipedia.org/wiki/George_soros

August 12th, 1930

August 12th

8 + 12 +2+0+1+1 = 24 = his personal year (from August 12th, 2011 to August 11th, 2012) = Eurozone.

The Queen of Wands Tarot card

24 year + 5 (May) = 29 = his personal month (from May 12th, 2012 to June 11th, 2012) = Expertise.  Consulting experts.  Expert opinion.

Three of Wands Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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John Arnold, chief of Centaurus Energy Trading.

MAY 3, 2012          10:59 AM

John Arnold, one of the most profitable traders in the hedge fund industry, has decided to shut down his Centaurus Advisors and return money to investors, according to people familiar with the matter. He joins a string of wealthy managers who have made such a move after much success.

Mr. Arnold, who burnished his reputation at Enron before starting his hedge fund in 2002, did not specify his reasons for shutting the fund, but said simply it was time to pursue other interests. With an estimated net worth of $3 billion, Mr. Arnold joins the ranks of big-money managers who can afford to walk away.

As both hedge funds and commodities trading face unprecedented new regulations and oversight, Mr. Arnold had been unable to reproduce the triple-digit gains that made him famous (and have left him with an average annual return in excess of 100 percent). In 2010, he experienced his first year of negative performance. Last year, while most hedge funds lost money, Mr. Arnold returned about 7 percent, according to the people.

Mr. Arnold, who is based in Houston, could not be reached for comment. The news was first reported by Reuters.

The elite but growing club includes the hedge fund pioneer George Soros, who returned cash to outsiders last year, as well as the activist investorCarl C. Icahn. Both men cited new regulations that would require hedge funds to register with the Securities and Exchange Commission.

Chris Shumway, a protege of the investor Julian Robertson, returned money to investors in early 2011 after a bid to hand off investing responsibilities prompted an investor revolt. And Stanley Druckenmiller, a protégé of Mr. Soros with an enviable track record, did the same in 2010, having grown weary of managing money for others.

While hedge funds continue to start up with vigor, particularly as banks shed their proprietary trading operations, the industry as a whole has fallen on hard times. Returns have lagged behind those of the Standard & Poor’s 500-stock index since 2008, the worst year on record for hedge fund performance.

As more money floods into so-called alternative asset managers, returns have become harder to come by, some industry watchers say. Volatile markets and unpredictable central bank interventions have also left many traders wondering how changes will affect their industry.

The most profitable managers in 2011, or those who personally earned the most, did so by eking out modest gains atop large pools of money. Of the 25 top-earning hedge fund managers in 2011, 11 had single-digit returns in their funds, according to AR Magazine, including Paul Singer of Elliott Management and Israel Englander of Millennium Management.

Adding to uncertain market conditions, hedge funds are also facing a wave of new regulatory oversight. Hedge funds that manage more than $150 million in assets must now register with the Securities and Exchange Commission, a process that requires them to disclose information about their businesses and strategies. Among those details are the names of their prime brokers and custodial banks, the ownership structure of their funds and how much money they manage.

Though it is unclear what prompted Mr. Arnold to close his shop, he did not file the new registration forms with the agency at the end of March, the deadline.

Commodities trading, too, is in the midst of big changes. In an effort to stem speculation, regulators are going to start enforcing position limits on traders, restricting the number of contracts that can be held in a given commodity. Among those markets was the one for natural gas, Mr. Arnold’s specialty, which has also been one of the hardest-hit commodities because of an unseasonably warm winter and excess supply.

from:  http://dealbook.nytimes.com/2012/05/03/john-arnold-to-close-hedge-fund-and-return-investor-money/

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

John Arnold

1685 195634           48

 

his path of destiny = 48 = Walking away from it all.

Eight of Cups Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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you can try to figure out some of your own numerology for FREE at:

http://numerologybasics.com/

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learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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Sex Numerology is available at:

https://www.createspace.com/3802937

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