Soros: We don't understand markets
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The world still does not fully understand how financial markets work, according to investor George Soros.
Speaking at the World Economic Forum in Davos, Mr Soros, who made his billions betting on the markets, said the established theory had "collapsed".
He also warned that Germany was "out of tune with the rest of the world" when it came to handling the euro crisis.
He said there was a risk of a credit bubble forming, which was "the big, unresolved issue".
"It should be possible to withdraw the additional credit as the economy gets going but it hasn't been done yet. And therefore there's a fear this could result in runaway inflation," he said, adding that this fear was particularly strong in Germany.
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