SubscribeGlobal Financial Crisis Special: George Soros on The Crisis & What to Do About It
By George Soros, 06 Nov 2008 Original link 1. The salient feature of the current financial crisis is that it was not caused by some external shock like OPEC raising the price of oil or a particular country or financial institution defaulting. The crisis was generated by the financial system itself. This fact—that the defect was inherent in the system —contradicts the prevailing theory, which holds that financial markets tend toward equilibrium and that deviations from the equilibrium either oc
Some great bear market investing tips in this post.