George Soros Quotes:
Ocupation: Business magnate
Life: b. August 12, 1930
Birthday: August 12
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.
source: "The Crisis of Global Capitalism: Open Society Endangered". Book by George Soros, 1998.
topic: Country, Swings, Balls, Meltdowns, Interim, Financial System, Financial Markets, Fluctuation
