George Soros publishes a book about 2008 credit crisis

Filed under George Soros - Soros Fund Management, Books written by billionaires
April 3, 2008 7:38 am

 titeled “The New Paradigm for Financial Markets” (Public Affairs, 2008). Released today online, the book explains the causes of the current meltdown, a crisis he says has been in the making since 1980, and the trades he put in place this year to protect his wealth, much of it in Quantum. Soros has bet on declines in the dollar, 10-year Treasuries and U.S. and European stocks. He expected foreign currencies to rise, as well as Chinese and Indian equities. The latter bet helped Quantum return 32 percent in 2007. Quantum’s returns this year have ranged from up 3 percent to down 3 percent.check the book out here:

http://www.georgesoros.com/creditcrisis08

1 Comment »

  1. Tom Hayes said,

    April 4, 2008 @ 9:46 pm

    Because they are no longer in tune with how the world works, financial titans of a bygone era, like George Soros and Warren Buffet, have become a Greek chorus of doom and gloom. Fortunately, a new generation of entrepreneurs and capitalists is building a new global economy on the principles of the Network.

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