When the world was about to cave in; when Hank Paulson assured us that the only way to keep the world from caving in was to do what he said, now; when he told us it had to be unreviewable or else-- What he said to be done was this:...

George Soros, the financier and philanthropist, is author most recently of The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means. He spoke with me in Washington, D.C., where the IMF and World Bank are meeting, on Sunday.

Nathan Gardels: Let's talk first about the...

When I was in college Prince used to sing "we are going to party like it´s 1999". Surprisingly that´s what the markets are singing now. 1999 was almost a decade ago but the value of stocks now is the value of stocks in 1999. If you had kept a...

The economic and finance predictions I've made over the past few years featured in the films I made for Al Jazeera caught the attention of BBC World News. Yes, "The Oracle" is coming to TV. Fellow HuffPost blogger Alec Baldwin is partnering with me on this project. If you have...

Over a week ago, we posted on this blog about the possibility of two, or even all three of the Detroit Three, GM, Ford and Chrysler, merging in some fashion.

Now our prediction is coming to life, a prediction based on our analysis of the realities of the world's economy...

The US and advanced economies' financial system is now headed towards a near-term systemic financial meltdown as day after day stock markets are in free fall, money markets have shut down while their spreads are skyrocketing, and credit spreads are surging through the roof. There is now the beginning of...

It is now clear the approval by Congress of President Bush's $700 bailout package on Friday October 3rd has done nothing to ease the current financial crisis. Credit markets have worsened for several days after the bill passed the Congress. The stock market also plummeted to nearly ten-year lows.

So...

"G-7 Leaders Agree on Principles To Confront Crisis, but No Joint Plan," The Wall Street Journal, October 11, 2008

Right now restoration of financial confidence isn't everything. It's the only thing. So for the time being, we can forget about Troopergate, hecklers at McCain rallies and the latest...

Five years ago, billionaire investor and American icon Warren Buffett suggested that financial derivative products were "financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

Five years ago, few people were paying attention, and even fewer understood what he meant. Even today, as the...

I posted the following article on the Guardian's Comments is Free site yesterday. It says things that I think need to be said, about the moral crassness of the commentators who have taken to blaming poor people for the financial collapse we're undergoing. With the permission of the Guardian,...

Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis, said an expert who helped bail out Canada from similar turmoil in the 1980s and early 1990s.

Here's is a scheme I wrote about in the...

Salaries in the US government are low compared to the private sector. Salaries in the banking world are the highest in the world. Last year the top investment banks paid out $33 billion dollars in bonuses to their employees. The Average compensation among managers of investment banks was over a...

Another behemoth info tech company is buying majority shares of its Chinese counterpart.

Monster Worldwide buys 55 pct of ChinaHR for $174 mln BEIJING, Oct 8 (Reuters) - Employment website company Monster Worldwide Inc said on Wednesday it had completed its full acquistion of ChinaHR by purchasing a...

Over the summer, I took my eight-year-old daughter to see the Meet Kit, American Girl movie.

For the uninitiated, Kit is the Depression-era girl whose dad loses his job, moves away to look for work and the family ends up taking in boarders and keeping chickens to sell eggs...

The comments made by the partners of Sequoia Capital at their recently held "CEO Summit" have been widely covered by leaks to numerous bloggers. These bloggers have disseminated the details and spread the contagion of the sentiments to the public at large, unfortunately running the risk that the...

With the disastrous market reaction to his last bailout plan, Hank Paulson is now preparing to ratchet up the rescue by pouring capital into frightened financial institutions in return for equity shares. The intent is to sell back the shares as soon as the firms get back on their feet....