If I Had To Sum Up My

I Contend That Financial Markets Never Reflect The Underlying Reality Accurately; They Always Distort It In Some Way Or Another And The Distortions Find Expression In Market Prices. Those Distortions Can, Occasionally, Find Ways To Affect The Fundamentals That Market Prices Are Supposed To Reflect.

The Main Enemy Of The Open Society, I Believe, Is No Longer The Communist But The Capitalist Threat.

The Lower Interest Rates Fueled Housing And Consumption Booms In Countries Such As Spain And Ireland. At The Same Time, Germany, Struggling With The Burdens Of Reunification, Tightened Its Belt And Became More Competitive. All This Led To A Wide Divergence In Economic Performance. Europe Became Divided Into Creditor And Debtor Countries.

The Hardest Thing To Judge Is What Level Of Risk Is Safe.

Markets Are Imperfect. So You Do Need Regulation, Knowing That The Regulators Are Also Human.