Soros: Ignoring History Threatens the World

The following speech was given by George Soros yesterday afternoon at Columbia University. You may not agree with Mr. Soros’s politics, but he is one of the few people I regularly read who truly understands the macro environment and the ways of the global financial system. He touches on some salient points here including the following:

* Why we are not out of the woods

* Why global imbalances remain

* Why the euro is fatally flawed

* Why deflation remains the greater risk

* How policy makers are ignoring the mistakes of the past

The full speech follows. I highly recommend reading it in its entirety
via Soros: Why Ignoring History Threatens the Global Economy — Seeking Alpha.

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