KDL Recommends > Nonfiction > Money Matters
The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
Title: The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means
Author: George Soros
Presents an analysis of the origins of the current credit crisis and emphasizes that the theory that boom or burst cycles are only temporary and that market forces tend toward equilibrium needs to be revised to incorporate the realities of the global economy.
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.