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...billionaire George Soros, who made $1 billion betting against the British pound in 1992, is perplexed.
“I find the current situation much more baffling and much less predictable than I did at the time of the height of the financial crisis,” Soros, 80, said in April at a conference at Bretton Woods organized by his Institute for New Economic Thinking. “The markets are inherently unstable. There is no immediate collapse, nor no [b][sic !] immediate solution.”...
The second question is whether the U.S. government is willing to boost its infrastructure spending at a time when Congress is struggling to cut the nation’s deficit, Gibbins said. A failure to spur growth will send stocks down in the U.S. and keep the dollar weak, he said.
Yes.. this is a sleeper for most people, but... Just like Soros, Speculators all over the world, are watching the goings on... Yesterday, the Indian (India) derivative exchange volume topped One Trillion Dollars... almost twice the previous record. When a tenth of a penny can bring huge profits (or losses) in the currency trade, not only the big traders, but now, the small investors are trading in currency derivatives.
We'll likely not hear about this, unless some trader gets in too deep... and then you can look for losses big enough to rattle the derivative market to the core.
