FT: George Soros on Credit Crunch, Bear Stearns, China, Commodities & Obama

My South African friend Prieur du Plessis sent me an email over the weekend that this was must see financial tv:

George Soros, of Soros Fund Management, has just launched a new book “The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means”, which will arouse considerable interest. Coinciding with the launch, Chrystia Freeland, US managing editor of Financial Times, conducted a three-part video interview with Soros on a variety of highly topical issues.

Part 1 Soros talks about the credit crunch and the recession, and says the Fed was right to rescue Bear Stearns.

click for video

After you launch part 1, Look to the right of the video for parts 2 and 3 on FT's site.

In Part 2 Soros discusses the incipient commodities bubble, and believes there will be a need for a new Basel accord on banking supervision. He also discusses China and believes that the US housing market problems are just building up.

In Part 3 Soros talks about the US dollar, US leadership in the world and his support for Barack Obama, who he feels is the candidate who will create the most change for America’s future.

Source: Financial Times, April 4, 2008.

Hat tip Prieur du Plessis

Monday, April 07, 2008 | 03:00 AM | Permalink | Comments (19) | TrackBack (0)

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Through this post,there is real literature, pre Columbian sculpture and human comedy

Posted by: Philippe | Apr 7, 2008 3:39:32 AM