The New Paradigm for Financial Markets
In The New Paradigm for Financial Markets, legendary financier George Soros explores the origins of the Great Depression and its implications for the future. Soros 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. 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.
Praise for The New Paradigm for Financial Markets
“Brilliant. It examines a complex problem with both insight and philosophical depth. A much-needed contribution that should help many of us better understand the great credit crisis and what it means, not just for the United States but the entire world.”
— Tucson Citizen
“They're wrong about oil, by George: In short, the standard economic assumption that supply and demand drive prices areconly a starting point for understanding financial markets. In boom-bust cycles, the textbook theory is not just slightly inaccurate but totally wrong. This is the main argument made by George Soros in his fascinating book on the credit crunch, The New Paradigm for financial markets, launched at an LSE lecture last night.”
— The London Times
“Soros says market rebound a bear-market rally: Billionaire hedge-fund manager George Soros said at LSE on Wednesday that the current rebound in stock markets is only a bear-market rally because monetary authorities are unlikely to be able to handle the credit crisis.”
— Reuters