Month: March 2016

Soros And Hillary Alliance? Massive Donations Spell Good News for H.C. Campaign

 George Soros has been the subject of a great deal of politico.com news recently due to his gloomy and plausible prognostications in regards to the impending Chinese market financial crisis. This focus on the outspoken financial guru has only intensified as of late and taken a decidedly political turn after Soros donated six million dollars to Hillary Clinton’s primary super PAC, Priorities USA Action. This was not, however, the first donation Soros made to Clinton’s presidential efforts for the year. Indeed, he also donated one million dollars, earlier in the year to the same super PAC and cashed the check for another cool million for American Bridge 21st Century, another high grossing Clinton affiliated super PAC.

This marks a big comeback for the multi billionaire to the political campaign scene, whom has been previously quite reticent to back political candidates. This was not always the case, however, back in 2004 Soros dropped more than twenty million dollars in a attempt to best President George W. Bush. However, after that financial campaign failed Soros feel out of campaign finance and was silent for several years.

Know more: https://www.opensocietyfoundations.org/people/george-soros

But in 2012 Soros decided to back president Barack Obama who was then running for reelection against accomplished business man Mitt Romney (of “binders full of woman” fame) and donated a million dollars to priorities USA, who was then one of Obama’s leading super PAC. Soros also expressed regret to Hillary Clinton about choosing Barack Obama over her, a sentiment which has lead to the alliance being formed for the upcoming 2016 presidential election. And it’s a alliance that probably will continue to yield stunning results, indeed it already has. For example, Soros’s donations, in conjunction with several other well known political activists and backers, such as Haim Saban, his wife Cheryl, Herb Sandler and Donald Sussman, brought Hillary’s Priorities USA super PAC to over 41 million for the fiscal year – and that’s nothing to shake a stick at. Whether or not Soros will make any further major donations to the Clinton campaign remains uncertain but what is certain is that her super PAC’s make Clinton, currently, the most well funded candidate in the race.

Did Soros Dump Oil?

 

In the world of investing, people are always mindful of the spending habits of others, wanting to know that they too are making the right decisions at the right time. Ignoring the moves of a successful investor could make the difference between making a killing in the market and losing a bundle. And if you’re going to keep your eye on any investor, you can’t do better than to watch what George Soros does.

As reported by The Street, Soros Fund Management, recently made private, has gotten rid of its investments in Chevron, Chesapeake Energy and NRG Energy at the end of 2015. To simply cut out three massive corporations from its portfolio, this hedge fund, head by one of the most recognizable names in the world of investing, carries with it a sense of warning that many are considering to follow.

Throughout 2015, and continuing to bleed into 2016, crude oil has been in a volatile state, dragging prices well below conservative estimates. Countries have tried to remedy the situation, such as Saudi Arabia and Russia who have agreed to halt oil production, creating a limited stock of crude and raise the price per barrel.

Since 2014, the price of crude per barrel has dropped by 73%, scaring away many of their investors and keeping any one with financial sense away. It also proposes a new wave of problems for the 5% of the American workforce that services, directly and indirectly, oil markets throughout the country, complicating economic matters further, eventually affecting the US’ GDP and spreading throughout major markets in Europe and Asia that relies on these sources of crude. According to Goldman Sachs, the numbers on energy expenditure in the US has determined that a third of all its spending goes towards this and about a fourth of research and development dollars are geared in this direction as well.

With these numbers from Street.com, Soros seems to have made the right decision to dump these stocks. The World Bank has backed him up on this with an updated forecast, taking the average price for a barrel of oil from $51 to an estimated $37, down $14 from just four months ago. For now, there seems to be no trending in the opposite direction.

Living in Nazi occupied Hungary, George Soros fled to the UK in search of freedom, Ultimately he made it to the United States where he developed his career in finance and became an institutional figure in investing.

In his personal life, Soros has dedicated time, money and effort to causes of human right. Through Open Society Foundations, which he founded, Soros has fought for the rights of citizens and transparency in oppressive nations since 1974.