Davos 2010: George Soros on The Global Economy and Markets

Submitted by Sovestor on Thu, 01/28/2010 - 06:27.
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Our view:

  • Regulators and government officials worldwide are almost always behind the curve in understanding of and dealing with financial crisis; hence, we think it is unlikely they will be able to come up with meaningful and effective regulations over the long-term that address exploitable systemic risks.
  • In our view, coordinated new global regulations even if were created and enforced worlwide (a big task) would be unlikely able to prevent future financial crisis as the reasons, drivers, and dynamics of future financial crisis would likely be different that what happened in the past.

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