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The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means

by George Soros

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means Cover

ISBN13: 9781586486839
ISBN10: 1586486837
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Review-a-Day   (What is Review-a-Day?)

"Soros doesn't have all the answers, not by any means. But unlike some of the professors who dismissed him as an overremunerated gadfly, he has something to say....Soros provides a handy eight-stage guide to the typical boom-bust cycle, together with a series of stock charts to help readers spot one in the making." John Cassidy, The New York Review of Books (read the entire New York Review of Books review)

Synopses & Reviews

Publisher Comments:

In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. "This is the worst financial crisis since the 1930s," 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.

Review:

George Soros is a billionaire speculator whose voice is amplified by real money. His distaste for the Bush administration runs deep: He put millions of dollars into Sen. John Kerry's 2004 presidential campaign. Yet his account of the credit crash is personal and revealing, not mere political bashing. He admits that he didn't recognize that the crisis was about to break and came out of virtual retirement... Washington Post Book Review (read the entire Washington Post review)

About the Author

George Soros is chairman of Soros Fund Management and is the founder of a global network of foundations dedicated to supporting open societies. He is the author of several best-selling books including The Bubble of American Supremacy, Underwriting Democracy, and The Age of Fallibility. He was born in Budapest and lives in New York City.

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Average customer rating based on 1 comment:
sbose, April 10, 2008 (view all comments by sbose)
I understand a bit of martingle theory originated in the Franco-Russian backdrop by its animal spirit in the form of "doubling the stake" in betting games and fully endorse his view that market has no self correcting mechanism as touted by market fundamentalist, specially when it is in the speculative overdrive in multiplying the stake manytimes, which is ultimately a ruinous business game! Thanks to his crystal clear visionary utterances towards the recent credit crisis. A quick glace into the book would motivate to really own the book. But can we have it for sometime free!
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Product Details

ISBN:
9781586486839
Subtitle:
The Credit Crisis of 2008 and What It Means
Author:
Soros, George
Publisher:
PublicAffairs
Subject:
Finance
Subject:
Credit
Subject:
Financial crises
Publication Date:
May 2008
Binding:
Hardcover
Language:
English
Illustrations:
Y
Pages:
162
Dimensions:
8.13x5.29x.75 in. .64 lbs.
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