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August 16, 2013

Obama BFF George Soros Has Made A Huge 'Bearish' Bet Against The Obama Ecconomy

Topics: Political News and commentaries

Business Insider reports:

Billionaire George Soros' family office hedge fund, Soros Fund Management, filed its 13F quarterly report with the Securities and Exchange Commission yesterday.

As Marketwatch reporter Barbara Kollmeyer points out, one interesting highlight from Soros' filing is that he bought a bunch of puts on the SPDR S&P 500 ETF in Q2.

It's his biggest holding in the filing.

When a man that makes his money on money and betting on the future bets against the economy, and just happens to be a huge supporter of Barack Obama and radically far-left liberal-progressive (but I repeat myself) causes, it speaks volumes about where he thinks Obamanomics is taking us.

Posted by Hyscience at August 16, 2013 8:40 AM

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