Jan

27

 

If Soros says yes, then the world should bet no

The takeaway? Soros doesn't exactly have a recent history of picking political winners.

He lost $27 million trying to defeat Bush.

He lost $25 million trying to help Clinton and her fellow Dems win in 2016.

And now he's predicting Trump will soon be tossed from office — maybe even sooner than 2020, which is an offhand jab at impeachment?

Bloomberg notes: "Soros's predictions at last year's conference in Davos were also gloomy and bearish on Trump, and have yet to pan out. He said that the stock market rally would soon come to an end. Since then, the Standard & Poor's 500 Index has rallied almost 30 percent."

Another Soros prediction, another Soros error. The phrase grain of salt is what comes to mind. It's almost to the point of becoming this: If Soros says yes, then the world should bet no. If Soros goes right, then the world should go left. If Soros predicts a rise of Democrats in 2018 — then conservatives in America might as well start congratulating their Republican Party friends for the upcoming wins right now.

Cheryl Chumley can be reached at cchumley@washingtontimes.com or on Twitter, @ckchumley.

anonymous writes: 

A few years ago there were some brain scans done at "Oxbridge" of people who self-identified as either liberal or conservative. The scans showed the respective organs were wired differently. While we all inherently know which are wired correctly and which not, the point is that the wiring is all-encompassing.

Soros is wired a certain way and no amount of logic or conversation will change his mind. His problem (and ours because he has money to proselytize) is that he is betting his own wishes. That is tantamount to betting on a sports event based on who you like or (in my wife's case) their uniforms. 

Dylan Distasio writes: 

He should form a new fund with Dennis Gartman, and the Greedometer guy.

That would make for quite the Third triumvirate.

Stef Estebiza writes:

Soros was wrong but he is not wrong in how he thinks. In a normal situation everything would have already exploded, but as long as you can inject money into the system indefinitely with a trillion stroke at a time, not even Buffett's rule makes sense: "Only when the tide goes out do you discover who's been swimming naked."

Here, the son of a man who sold his business to an US multinational for $ 225 million told me clearly that the world…is gone.

Larry Williams writes: 

Oh Stef,

I feel for you. Soros' socialist/elitist thinking is wrong for us poor working stiffs. The world is not gone. I would bet that it never will be. The trend of human progress is up, always has been and will be. Make no mistake about that.

We are no longer on the gold system so it's a brave new world and you have to trade/treat it that way.

I rejoiced the day I had that realization.
 


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3 Comments so far

  1. j on January 29, 2018 5:58 am

    His bet on exotic Barack Obama succeeded, and he almost got a permanent grip on the Democratic Party. Not bad. I feel sorry for him, he is still Gyurika fighting the Nyilas gangs of Budapest 1944.

  2. Bill Posters on February 1, 2018 7:29 pm

    A question for Soros with the S&P 500 above 2800.

    Sir is your back hurting?

  3. Higgs on February 12, 2018 12:58 pm

    The sooner people realize this guy made his fortune via inside trading, the sooner people will stop giving a hoot what he has to say…..

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