George Soros on the Economy

At last someone speaks sense. George Soros, the famous billionaire investor, makes the sort of comments to the BBC that I've wanted to say for ages: "He said that the central banks should explicitly target asset bubbles such as housing booms and try to stop them getting out of control, which is something they have resisted doing so far."

If only he had been Chancellor instead of Gordon Brown! Disturbingly, the insightful Soros also "warned the 'financial bubble' of the last 25 years could be drawing to an end and the post World War II 'super-boom' era could also be over."