He was betting the world economy would crash because of Trump, and lost.
It seems there was a concentrated action to make it happen:
Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Mark Faber, Dr. Doom himself, recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”
And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”
Davidson [...] warns, “There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.”
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
The last one is from Paul Krugman: a distinguished professor of economics, columnist for The New York Times, Nobel Prize winner.
These are the best economists on this planet in action. They are colluders or plain idiots.
One can imagine the level of manipulation or idiocy that will be going on in a global government.
Edited by wm., 13 January 2017 - 09:54 AM.