The Crash of 2008 and What it MeansGeorge Soros, March 30, 2009
The London Times writes: “They’re wrong about oil, by George: In short, the standard economic assumption that supply and demand drive prices is only 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.”
An updated edition of the New York Times bestseller The New Paradigm for Financial Markets, now with four new chapters.