Home
WSJ: George Soros Lost $1 Billion After Trump Won
by Joel B. Pollak12 Jan 2017
Druckenmiller, who spent $3.5 million on donations to Republicans — a small amount compared to Soros’s $20 million in 2016 — “scored gains of more than 10% in 2016” through his own firm, the Journal reports.
The “Trump bump” has lifted the Dow Jones Industrial Average over 1,600 points since Trump’s victory on November 8.
http://www.breitbart.com/big-government/2017/01/12/wsj-george-soros-lost-1-billion-trump-won/
by Joel B. Pollak12 Jan 2017
The Wall Street Journal reports Thursday that billionaire left-wing financier George Soros lost nearly $1 billion as a result of Donald Trump’s surprise victory in the November 2016 presidential election.
The Journal‘s Gregory Zuckerman and Juliet Chung report:Thanks to Soros’s diversified portfolio, his funds still earned 5% on the year. However, Druckenmiller — who stopped working for Soros in 2000 — did much better, predicting that a Clinton win would cause the markets to rise and then fall, while a Trump win would do the opposite, the Journal notes.Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election.
But Stanley Druckenmiller, Mr. Soros’s former deputy who helped Mr. Soros score $1 billion of profits betting against the British pound in 1992, anticipated the market’s recent climb and racked up sizable gains, according to people close to the matter.
The divergent bets of the two traders are a stark reminder of the challenges even acclaimed investors have faced following Mr. Trump’s unexpected victory.
Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump’s election, according to people close to the matter. The stance proved a mistake—the stock market has rallied on expectations that Mr. Trump’s policies will boost corporate earnings and the overall economy.
Druckenmiller, who spent $3.5 million on donations to Republicans — a small amount compared to Soros’s $20 million in 2016 — “scored gains of more than 10% in 2016” through his own firm, the Journal reports.
The “Trump bump” has lifted the Dow Jones Industrial Average over 1,600 points since Trump’s victory on November 8.
http://www.breitbart.com/big-government/2017/01/12/wsj-george-soros-lost-1-billion-trump-won/
» utube 9/17/24 Iraq Dinar Update --Sudani Sadr-Development-Pro
» Oil and Gas Parliamentary: There is a major failure in the work of the Internal Control Department a
» Parliamentary Legal: All objections to the Civil Status Law will be taken into consideration
» Worth $2.7 billion.. Iraq contracts with a Korean company to supply it with a surface-to-air missile
» Revealing a parliamentary movement within the House of Representatives to decide the position of the
» Al-Alawi: The continued influx of foreign workers in an unplanned manner
» Parliamentary Legal: Concerns over Personal Status Law are Misunderstood
» ILO identifies “enormous” economic challenges in Iraq, proposes solutions to address unemployment
» Iraq imports electricity at a cost of up to $300 million annually
» Communications: The Internet will witness a significant improvement in Iraq soon
» Has Iraq overcome the problem of paying Iranian gas money?
» The Civil Service Council responds to a parliamentarian regarding the availability of job grades for
» India expresses its readiness to work in Iraq in these areas
» Al-Sudani: There is no alternative but to have capable Iraqi banks that adopt all financial standard
» The Department of Economic Relations at the Ministry of Commerce discusses with an economic delegati
» Iraq and Romania discuss the development road project and the possibility of Romanian sectors partic
» Chairman of the Investment Authority: More than 100 opportunities are ready for contracting at the "
» Opening of the workshop on public-private sector participation within the project to enhance economi
» Rafidain Bank: Activating the comprehensive banking system in 42 of its branches spread across Baghd
» Parliamentary objection to the mechanism for selecting the names of those accepted for appointments
» The cost of importing electricity in Iraq is less than its construction.. A specialist details the m
» The banking sector in Iraq.. many failures and a real need to develop it
» Will taxing social media help solve the impending financial crisis?
» US Ambassador: Iraq is capable of creating an economic model to be emulated
» The housing crisis in Iraq is escalating.. The shortage of housing units threatens the future of mil
» Collecting 160 parliamentary signatures to refer these people to retirement
» New development in the parliament presidency crisis.. Learn the details
» Pardon under suspicion: Will the general amnesty law become a haven for the corrupt?
» Artawi Project: New energy ignites Iraq’s economy and extinguishes the fires of waste!
» Launching the National Environment Strategy: A Step Towards Sustainable Development and Protection o
» Saudi Arabia opens consulate in Basra, trade office in Erbil
» What is the truth about the inability of the Ministry of Finance to pay salaries?
» Details of the new draft income tax law
» $290 million loan from Austria to Iraq
» Economic reform and fighting corruption.. A glimpse into two years of Al-Sudani’s government
» Regarding maximizing revenues and quality of services.. Parliamentary Finance hosts Minister of Comm
» Artificial Intelligence Index.. Iraq ranks 77th out of 83 countries
» Monthly salaries of up to 800 thousand dinars for this category
» In the past 20 days, Iraq lost enough money to build a new power station or a luxury residential com
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
» Al-Sudani directs the preparation of a draft resolution obligating ministries to provide facilities
» Germany: Iraq is making progress towards economic stability
» Al-Sudani: There is no alternative but to have capable Iraqi banks that adopt all financial standard
» Iraq enters into space war confrontations.. Cyber attacks raid Tel Aviv and news indicates that th
» Contrary to expectations.. Al-Sudani's advisor: Non-oil revenues grew at record levels in 2024
» Central Bank of Iraq sells more than $250 million in auction today
» The Supreme Committee for Tax Reform reveals details of the draft of the new income tax law
» A Kurdish delegation will visit Baghdad early next week
» The Commission sets a date for approving the candidates for the Kurdistan elections
» Prime Minister receives Chairman of the Private Banks Association and a number of bank managers
» Parliamentary Investment Committee proposes solutions to cover Iraq's expenses.. What about border c
» Iraq signs $290 million loan agreement with Austrian bank
» The Council of Ministers is studying a decision obligating ministries to provide facilities to suppo
» Iraq of Four Million Employees: Will the Oasis of Jobs Last in the Desert of Opportunities?
» A parliamentarian talks about an Iraqi port in the Red Sea.. These are the details
» The housing crisis is deepening and housing unit prices are astronomical
» Najaf discusses with a specialized German company the establishment of a waste recycling plant
» Second reading increases the yield of calls rejecting the release of terrorists by general amnesty
» Prime Minister: The Central Bank has contracted with Oliver Wyman to develop the banking and financi
» Parliamentary Water Committee identifies the reasons for the continued drought and low water levels
» Al-Fatlawi: There are some parties trying to overthrow Al-Sudani's government
» Parliamentary Investment Committee calls on the government to intervene regarding the insane increas
» Iraq tightens preventive measures on imported goods, especially electronic devices
» Meetings attended by Al-Ameri.. Kurdish blocs unite to cancel Baath decisions regarding agricultural
» Oxford Economics expects Gulf economies to grow by 4.4% in 2025
» With Apple’s participation, the media and communications sector sets a roadmap to build a long-term
» Cabinet Secretariat: Stopping the sale of government properties to its employees is inaccurate
» The Ministerial Council directs the inspection of electronic devices before importing them to avoid
» The Prime Minister directs the preparation of guidelines to ensure fair competition in the banking s
» The Minister of Electricity directs the announcement and referral of the installation of solar energ
» Gulf central banks move interest rates after Fed decision
» Labor: Including allocations for increasing the salary of the full-time appointee in its budget for
» Non-oil revenues top agenda of parliamentary finance visit to Erbil next week
» Housing shortage threatens the stability of millions of Iraqis!
» The Department of Political Dismissals Affairs issues (3519) new decisions for politically dismissed
» Minister of Industry confirms the ministry's commitment to supporting and encouraging the private in
» Finance: Issuing controls to facilitate the implementation of the Owners Law
» Iranian oil official: Iraq owes Tehran no debts, and tripartite negotiations between Iran, Russia, a
» Proposal for employing graduates
» Al-Hasnawi to “Sabah”: Opening of 379 health projects
» The Ministerial Council directs to audit imports of electronic devices
» Launch of the National Climate Change Camp
» Facilitating the implementation of projects on the lands of military institutions
» Urgent measures to address the airlines file
» Warnings against relying on the “rentier economy”: Use effective systems and digital infrastructure
» "Courtesy" manipulates salaries of Kurdistan employees and Baghdad demands a binding political decis
» Opening of the 17th session of the “DBX” exhibition in Sulaymaniyah with the participation of more t
» Iraqi banks dealing with America attract deposits
» Iranians Stole Trump Campaign Material, Offered It to Democrats
» TikTok launches campaign to raise awareness of digital safety tools in Iraq
» Al-Sadr cancels the expected million-man demonstrations in Baghdad: “They are no longer useful”
» "Fares Issa" receives the Ambassador of the Republic of Poland in Baghdad
» Kurdistan Regional Government Representation Holds Training Workshop in Erbil
» The Prime Minister's Office receives the draft income tax law prepared by the German GIZ organizatio
» Finance reassures citizens: We are committed to paying salaries on time
» Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired
» White oil rose 270% and kerosene 47%.. What is the secret behind the increase in fuel consumption in
» Ministry of Finance talks about the fate of employees' salaries and the reasons for the delay