from guardian: George Soros, the billionaire hedge fund manager, will warn later today that the oil price has become a bubble that could trigger a stock market crash. The Financial Times reported today that Soros will tell the US Senate commerce committee that oil was pushed to its recent all-time peak of $135 a barrel by a new wave of speculators... Soros himself is no stranger to market speculation, having made a profit of around $1bn in 1992 betting that the UK government would be unable to keep sterling within the European Exchange Rate Mechanism.
Thursday, June 05, 2008
felonious soros warns of market crash
from guardian: George Soros, the billionaire hedge fund manager, will warn later today that the oil price has become a bubble that could trigger a stock market crash. The Financial Times reported today that Soros will tell the US Senate commerce committee that oil was pushed to its recent all-time peak of $135 a barrel by a new wave of speculators... Soros himself is no stranger to market speculation, having made a profit of around $1bn in 1992 betting that the UK government would be unable to keep sterling within the European Exchange Rate Mechanism.
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