Soros Downside Put Protection Climbs to $2.2 Billion

The game of “pick the market implosion” date is something that has taken on almost a drinking game type of mythology. Certain investment managers know the calculus of Federal Reserve stimulus, the US status as the world reserve currency of choice, US debt and unfunded liabilities being inappropriately accounted for, and the ultimate implosion of the big bank derivatives that underlie the world economic system. This has all led to market insiders recognizing the unreported reality and hedging accordingly. No one can accurately predict the exact implosion date. Guesses among investing professionals typically have a ten year spread, with some…