Eurozone: Is Soros predicting a new crisis?

5th August 2011

Seeking Alpha's Midas Mulligan Magoo writes that "Hoarding cash is usually a signal of uncertainty or extremely bearish beliefs.

In today's uncertain environment, however, it can be considered a growth strategy and hedging instrument. Presumably Quantum's cash is spread out over a basket of currencies ready to hop from one to the next if some sort of market shattering event occurs."

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