I know that some are not fans, for valid reasons, but this is about what he wrote back in 1986,“The stock market boom has diverted our attention from the fundamental deterioration in the financial position of the United States.” So wrote hedge-fund titan George Soros in late 1986 in his investment classic “The Alchemy of Finance”. His ominous warning of the threat that unsustainable public finances can pose was realised, spectacularly the following October, when the U.S. equity market registered its fastest crash in history.
before he started meddling in the internal politics of nations.
