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Soros on the crisis

October 6th, 2010 · 3 Comments

He’s not only a smart investor. Required reading.
Very good piece posted by one of our favourate bloggers

Tags: Credit Crisis

3 responses so far ↓

  • 1 Darcy Patten // Oct 7, 2010 at 2:50 am

    Wow, I even mostly understood everything in that article. Sooo, bottom line, the global economy will have limited growth in the next few years due to political and ideological interests pushing the correct economic decisions to the backseat. Sigh.

    Pretty scary really, if the world can’t learn from our economic mistakes of the past how will we learn from other past mistakes such as racism, the holocaust, and military occupations.

  • 2 admin // Oct 7, 2010 at 5:25 pm

    Yes, Darcy, it’s a pretty sad situation. It was our belief that ideology (“market fundamentalism”) was the most important cause of the financial crisis in the first place, read this excellent account of that by the former chief economist of the IMF, Simon Johnson:

  • 3 Bruce // Oct 7, 2010 at 7:50 pm

    Wow, that was some assessment. I have a new appreciation for Soros. I wonder how much input he has in his investment fund, or if his sons are calling all the shots? You have to think he is still involved as he certainly understands the thought drivers from a number international viewpoints.