When a long-term trend loses itโs momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
George SorosThe global crisis is caused by pathologies inherent in the global financial system itself.
George SorosThe concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
George SorosEconomics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.
George Soros