and dumped billions of dollars of short- and longer-term Treasury relative to the currencies of the other member countries and a
in the U.S. and world bond markets. During the first two weeks Implied in the hope was the notion that the European states would
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the move was a call he had received from a securities-firm execu- In September 1988, Soros offered him the job, and Druckenmiller Much of the discussion about liquidity or its lack is misplaced;
dollar to overshoot, both on the 162 It Takes Courage To Be a Pig Rock of Gibraltar of British Finance. Nothing could dislodge it
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