"In the interim, policy makers will likely seek to contain unsettled markets by stalling."
Currency dealers attributed the unsettled market to two major unexpected developments.
Without tax bonuses, and with the second-home market so unsettled, what should buyers look for?
Mr. Milken saw to it that a recent $350 million junk bond offering for Knoll International Inc. was successful despite the unsettled financial markets.
The call auction is designed to bring balance into an unsettled market by making available more information on the accumulation of buy and sell orders.
Bankers have said they felt the unsettled market was easier to break into than the more established investment-grade market.
But given the highly unsettled market, the central bank will probably choose a highly propitious moment to show its hand.
In today's unsettled market, that certainty seems to have counted for a lot.
Mr. Soros is by no means the only investor to have been hammered by unsettled financial markets in recent weeks.
The G-7 pledge adds to moves by Japan to calm unsettled financial markets.