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The New Paradigm for Financial Markets

The Credit Crisis of 2008 and What It Means

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About this listen

 In the midst of one of the most serious financial upheavals since the Great Depression, George Soros, the legendary financier and philanthropist, writes about the origins of the crisis and proposes a set of policies that should be adopted to confront it. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of his decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity.

"This is a once in a lifetime moment," writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.

©2008 PublicAffairs (P)2008 PublicAffairs Economic Conditions Economic History Economics Forecasting & Strategic Planning Management & Leadership Financial Markets Credit Market

Critic reviews

"[Soros]...sets out to illuminate the credit crunch through the prism of 'reflexivity'....His prognosis is grim." (Economist.com)
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This book won't make you rich in terms of money, but is interesting. More of a philosophy book than and analysis of the current (early 2008) financial situation.
At its heart is the idea of Reflexivity which is described also in his other books. Here he uses it to show how the sub-prime problem of 2007-2008 came about as well as a super-bubble. The book is very short, though brevity is one of its good points. If you liked ?The Black Swan? then you?ll like this.

WARNING: Contains no answers

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