Book Title: The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Author(s): Charles R. Morris
Publisher: PublicAffairs, Year: 2009
ISBN: 1586486918,9781863954266
Category: Business Related
Description:
Well written, but somewhat dismissive of major economic movements-kind of a “what goes around comes around” attitude.
The Two Trillion Dollar Meltdown
Now fully updated with the modern monetary traits, that is the bestselling book that briefly and brilliantly explains how we got into the financial mess this is the Credit Crunch. With the housing markets unraveling daily and misery indicators flying all through the rest of the financial system, there may be little question that we are dealing with a fierce recession. In crisp, gripping prose, Charles R. Morris shows how were given into this mess. He explains the arcane financial units, the chicanery, the coverage misjudgments, the dogmas, and the delusions that created the best credit score bubble in global records. Paul Volcker slew the inflation dragon inside the early Nineteen Eighties, and set the level for the high-performance economy of the Eighties and Nineteen Nineties. But Wall Street’s prosperity quickly tilted into gross extra. The astronomical leverage at important banks and their hedge fund and private fairness clients caused huge disruption in worldwide markets. An area century of loose-marketplace zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will cross down in flames with it. Continued denial and concealment ought to motivate the crisis to stretch out for years, however monetary and authorities leaders are still downplaying the hassle. The required restructuring could be at the least as painful because of the very hard period of 1979-1983. The Two Trillion-Dollar Meltdown, up to date to include the modern financial trends, is essential to inform how the sector economic system has been placed on the edge.
The Two Trillion Dollar Meltdown
