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Lord Rothschild takes £130m bet against the euro
08-19-2012, 10:54 PM #1
Upāsaka Member
Posts:1,127 Threads:252 Joined:Feb 2011
http://www.telegraph.co.uk/finance/finan...euro.html#

Quote: The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.

The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.

RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.

Sources close to RIT suggested that the position was not a dogmatic negative view on the euro as a currency, but rather a realistic approach on a currency that remains relatively weak.

Could be a head fake act. I'm sure he could have taken this position without the public knowing, unless this is meant to be seen by the wider banking community.
08-20-2012, 12:23 AM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,268 Threads:1,493 Joined:Feb 2011
He doesn't do a bet unless it's a sure thing. They really don't know how to lose money.

wonder.gif

08-20-2012, 02:27 AM #3
yankees skier
Posts:5,032 Threads:215 Joined:Feb 2011
It's a done deal then.

Biere.
08-21-2012, 09:49 PM #4
Accidental Stoner Member
Posts:8,599 Threads:80 Joined:Feb 2011
(08-19-2012, 10:54 PM)Prometheus Wrote:  The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.


Wow.
That shit sure took on a life of its own in the press.
I seem to remember the original Finnish statement worded a lot less drastic. 13.gif

Sir Stiralot betting on chaos..?

Not that I claim to understand these things.
WTF is £1 836 000 000 ? Or is that 1 836 000 000 000 ?
blink.gif
Ordo ab chaos.

And HTF could that ideology end with anything else but
one man owning all other men.
15.gif


08-29-2012, 09:27 AM #5
borndead Member
Posts:14 Threads:3 Joined:Aug 2012
Well, let's make sure he loses that bet! There's got to be some way to shove this shit back in their faces?



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