The Price Of Failure

The ruble's free fall triggers a very scary global financial panic

If you think you had a tough week last week--and who didn't, with the Dow off 482 points?--you might perk up after a chat with Stanley Druckenmiller. A six-footer with deep-set eyes and a grin that creeps sideways across his face like a stock ticker, he has been labeled the world's brightest currency trader, an Einstein of the pits. Druckenmiller's paycheck is signed by George Soros, for whom he oversees $22 billion. Uh, make that a little less. Last week Druckenmiller watched helplessly as the Russian debt market vaporized into fiscal neutrinos, taking the last of $2 billion of Soros' Russia-invested...

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