The new paradigm for financial markets
by George Soros · first published 2008
8mentions
3recommended by
5HN commenters
2009–2021first – last mentioned
60% recommend40% neutral
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 a once in a lifetime moment," writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the wo
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
…nature. A book about recursion effects (i.e. the way a stimulus event will cause the system to respect to the same stimulus event differently in the future) is _The Crash of 2008 and What it Means: The New Paradigm for Financial Markets_ (Soros, 2009). It's not really about the 2008 crash, that's just a cute veneer he's put on it to sell more copies of a book that's really a book about philosophy with a very economic bent. For a stronger…
on “Keynes, Explained Briefly” ↗…Australian (and, I've heard, the Canadian) housing market is in a bubble, but not so clear how long it's going to go on. One person who seems to know how to think about these things is George Soros. His New Paradigm for Financial Markets is a good read on this question.
on “I'm calling this Bubble 2.0, and it's ready to burst” ↗…don't know of one, perhaps someone else can recommend. For broader economic picture stuff, I recommend Hazlitt _Economics in One Lesson_; Schiff _How an Economy Grows and Why It Crashes_; Soros, _The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means_.
on “Facebook Derivatives: Wall Street Goes Rogue-er” ↗Just finished reading Soros' The New Paradigm for Financial Markets, and also listened to a Vox podcast episode on him https://podcasts.apple.com/al/podcast/who-is-the-real-george... He seems like a pretty reasonable and interesting guy. The Vox episode sounded like…
on “Bezos says Amazon needs to do better for employees in last letter as CEO” ↗…to acknowledge that what they do just isn’t civilized behavior, and do it somewhere else. We’ll be way better off without them among us. As George Soros describes in the historical section of The New Paradigm for Financial Markets, this was exactly the attitude which evolved from the wreckage of the Great Depression, but starting as early as the 60s the financial world steadily chipped away at the constraints which had been imposed.…
on “Late But Essential Review” ↗…somebody writes a paper demonstrating that a market will go up over a certain period, they may influence readers and cause the market to go up sooner. Soros discusses this feedback loop at length in _ The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means_, which is a book about his philosophy dressed up to sell copies in the wake of the crisis. The issue of scientific approaches to testing economic theories…
on “Black Swan' Author Taleb: Stimulus Made Economic Crisis Worse” ↗Also, Soros's The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means, though Graeber's book is what really brought Soros's claims into focus for me. https://www.amazon.com/dp/B004HKIFR4
on “White House rolls back protections for people in default on student loans” ↗The New Paradigm for Financial Markets — George Soros. This is honestly more of a philosophy textbook than a book on Finance. Soros, explains his interesting idea of reflexivity, an extension of the mind-body problem [0] [0]:https://en.m.wikipedia.org/wiki/Mind%E2%80%93body_problem
on “Ask HN: What books have you read recently?” ↗