The Crash of 2008 and What It Means: The New Paradigm for Financial Markets
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 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. In...
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A New York Times bestseller on the financial crisis—now updated to address the current economic landscape The Washington Post - Peter Behr 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.
Setting the StagePt. 1 Perspective1 The Core Idea 32 Autobiography of a Failed Philosopher 123 The Theory of Reflexivity 254 Reflexivity in Financial Markets 51Pt. 2 The Current Crisis and Beyond5 The Super-Bubble Hypothesis 816 Autobiography of a Successful Speculator 1067 My Outlook for 2008 1228 Some Policy Recommendations 142Conclusion 153Acknowledgments 161About the Author 163
\ Peter BehrGeorge 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.\ —The Washington Post\ \
