The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means - Hardcover
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.
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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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THE NEW PARADIGM FOR FINANCIAL MARKETS: THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS
George Soros
(New York: Public Affairs, 2008), 162 pages.
Soros says that the 2008 credit crisis resulted from the burst of a superbubble. The bubble formed over the last twenty-five years when a series of prevailing trends led to credit expansion with minimal regulations. Since the interaction between a trend and misconception is reflexive, the current crisis is the result of unsustainable trends and misconceptions, Soros says.
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- PublisherPublicAffairs
- Publication date2008
- ISBN 10 1586486837
- ISBN 13 9781586486839
- BindingHardcover
- Number of pages208
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Book Description Hardcover. Condition: New. Dust Jacket Condition: New. BRAND NEW-" 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." 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. Seller Inventory # 020964
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