Monday, October 13, 2008

Soros Explains The Credit Crisis - Forbes.com

Soros Explains The Credit Crisis - Forbes.com: "With his near real-time critique of the credit crisis, George Soros has saved financial historians a lot of work. If he's right, the summer of 2007 and all of 2008 will be the topic of many an academic paper, much like how Ben Bernanke made a career out of studying the Great Depression. Soros sees this as a monumental time. It's not just a bursting housing bubble, he says. It's the end of a quarter-century of credit-driven economic expansion. We're in a whole new world"
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Excellent review published in May, 2008, of the Soros book that went to press in March. Soros predicted what just happened, so it is worth taking a few minutes to read this review.

1 comment:

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