Soros says he has no short position in rouble

Doug Henwood dhenwood at panix.com
Thu Aug 13 16:53:54 PDT 1998


Tom Lehman wrote:


>Seth, may want to consider this statement by George Soros. Some of you
>Russian experts may want to enlighten us on the real numbers of the
>Russian economic decline. Just what kind of magnitudes and in what
>markets will this devaluation(?) effect.

Never take a George Soros letter to the editor at face value. Nice to hear he isn't short the ruble; I suspect he's long Russia and is aching for a bailout. A 70% stock market decline is probably enough to put even his sweet deals underwater.

Doug



More information about the lbo-talk mailing list