and French equities. Soross thinking is that the increased value of the and his associates sell short sterling on the order of some $7 billion, Wednesday, 5:00 PM that faulty perceptions can trigger reflexive behavior in the markets,

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by Norman Lamonts words. Soros broke into a huge smile, chocolate in a candy store, when Kaletskys eye fell on the headline. 175 The One-Way Bet pressure. Those banks will have to spend large sums to shore up I personally did not foresee a breakdown of the Exchange Rate sided with the French authorities against speculators who had been