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George Soros Warns “Central Banks Are Creating Financial Instability” While the crisis in Europe is first in Goerge Soros’ mind because it is the “hottest” risk flare currently, his biggest concern in what he calls the “disarray in global cooperation,” or what we would call ‘dueling central banks’. “The almost universal adaptation of quantitative easing,” worries him and he notes that “Europe is the last bastion of orthodoxy,” in this regard [...] Steve Schwarzman, Chairman and CEO of Blackstone, sat down with Bloomberg News’ Jason Kelly and said that election scrutiny of private equity may pay off: “There’s a point of view that these business have performed very well for institutions…Ironically, it gave the public and other people a chance to think through these arguments.” Schwarzman also said, “We have not seen any of the blow back that you might expect.”
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