Blood In The Water And The Sharks Are Out

Man who broke the Bank of England, George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'

So blood is in the water so the sharks are circling.

Obviously it isn't only George Soros and his hedge fund who is making an opportunistic play against the euro.

But there is just something about him, that makes me just despise him. It hasn't been enough for him to bring down the dollar and the pound, now he's got to go after the euro.

For years he has used his fortune to influence US elections and public policy.

Why doesn't he use his ill gained global billions to rebuild Haiti or to help earthquake shattered Chile and the Pacific Islands that are in the path of the coming tsunami?

Is China Due For A Correction?

Contrarian Investor Sees Economic Crash in China
by David Barboza Friday, January 8, 2010

James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true.
Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.

As most of the world bets on China to help lift the global economy out of recession, Mr. Chanos is warning that China's hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like "Dubai times 1,000 -- or worse," he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.

Apparently this "master of the universe in his own mind" doesn't agree with Chanos

"I find it interesting that people who couldn't spell China 10 years ago are now experts on China," said Jim Rogers, who co-founded the Quantum Fund with George Soros and now lives in Singapore. "China is not in a bubble."

But Chanos, a short seller, has an incredible track record and has identified multiple problematic businesses, Enron of course being the most infamous.

At any rate read the entire article