The global financial markets are highly complex systems, dictated by economic, political, and psychological forces. The crisis that we are experiencing right now has been brewing for quite a while, and it is embedded in the very fabric that holds the various systems together, and renders them dysfunctional.
Listening to the insiders and the politicians is hard, since each one of them has personal and ideological bias, and some have conflict of interests as well.
Among all, there’s one voice that stands out from the crowd, a very smart person, his name is George Soros, who is famously known for “breaking the Bank of England” on Black Wednesday in 1992. With an estimated current net worth of around $9 billion, he is ranked by Forbes as the 99th-richest person in the world.
He has just published a book: The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means. If you want to understand how we got here, and what’s ahead, this is the MUST read, endorsed by the staff at Credit Cards Mojo.
Available at Amazon.com:
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Photo credits: World Economic Forum (cc)
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