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


 : The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means
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Binding: Paperback
EAN: 9781921372483
ISBN: 1921372486
Label: Scribe Publications
Manufacturer: Scribe Publications
Number Of Pages: 192
Publication Date: September 29, 2008
Publisher: Scribe Publications
Studio: Scribe Publications




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Product Description:
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 unrivalled, 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 centres around the world. In a concise work that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for the US and the world.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 2 out of 5 stars - Mr. Soros tries prove something - what?
OK, let me state first - who is Mr. Soros and who's me - to make a critics there. But.
I was hesitating to write this, but I truly want, that if you are reading this review, you are making the decision, whether to get the book on your shelf or no.
1. I had read a lot of books, will read more, but such an EGO driven book is a one I face first time. Mr. Soros is trying to prove something to someone. Me, my, I, me, my father, I, me, us........... It's like a da ja vu, once you are at the ... Read More



Rating: 3 out of 5 stars - Reality
After reading George Soros' book, The New Paradigm for Financial Markets, I can imagine him tracking us down, asking, "Can you hear me now?" Much of this new book revisits and explains again his earlier work, The Alchemy of Finance, and his theory of reflexivity. Under his theory, there is constant interaction between the objective dimension of cognitive analysis, and the subjective component of trying to beat other investors by taking particular actions. In both books he makes the case for imperfect ... Read More



Rating: 1 out of 5 stars - The ramblings of an old man who was once relevent
This book's point could have been made in one paragraph on a BLOG. The rest of the book is a waste of cellulose fibers. Soros is a brilliant investor who has an interesting theory that markets do not tend to equilibrium but are significantly effected by human emotion. Thus there is a bubble effect. There ya go - save your money for the book. The rest is just ramblings. If he were to do any real analysis it would have been worth the time to read.

It would be interesting to bring Milton Friedman ... Read More



Rating: 4 out of 5 stars - Let Soros's words speak for themselves...
I believe this quote from Ch. 8 expresses what Soros really thinks, as opposed to the many subtle to blatant distortions of some of the reviewers:

"Clearly an unleashed and unhinged financial industry is wreaking havoc with the economy. It needs to be reined in. Credit creation is by its nature a reflexive process. It needs to be regulated to prevent excess. We must remember, however, that regulators are not only human but also bureaucratic. Going overboard with regulations could severely impede ... Read More



Rating: 3 out of 5 stars - Too much philosophy
The first half of the book talks about philosophy. He could have just put in one chapter and the reader would have got the point. The second half of the books talks about the financial market. An average read.



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     Binding: Paperback
EAN: 9781921372483
ISBN: 1921372486
Label: Scribe Publications
Manufacturer: Scribe Publications
Number Of Pages: 192
Publication Date: September 29, 2008
Publisher: Scribe Publications
Studio: Scribe Publications
 
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