If you’re going to read just one analysis of the origins and consequences of the Eurozone crisis, this speech delivered by Soros on June 2 should be it. The first three pages are a statement of his long-standing theory of “reflexivity” — a subject matter that may or may not be of interest to you. I became acquainted with his theory about 25 years ago; it has had a profound impact on my thinking about financial markets ever since.
The meat on the speech begins with the second paragraph on page 4. It’s certainly among the most insightful analyses of the disaster we see playing out in the Eurozone that I’ve seen. It may even be the most insightful analysis.
Don’t miss it.
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