Название: The Two Trillion Dollar Meltdown Автор: Charles R. Morris Издательство: PublicAffairs Год: 2009 Формат: pdf Страниц: 232 Размер: 10 Mb Язык: English
Previously published as The Trillion Dollar Meltdown. Now fully updated with the latest financial developments, this is the bestselling book that briefly and brilliantly explains how we got into the economic mess that is the Credit Crunch. With the housing markets unravelling daily and distress signals flying throughout the rest of the economy, there is little doubt that we are facing a fierce recession. In crisp, gripping prose, Charles R. Morris shows how got into this mess.
He explains the arcane financial instruments, the chicanery, the policy misjudgments, the dogmas, and the delusions that created the greatest credit bubble in world history. Paul Volcker slew the inflation dragon in the early 1980s, and set the stage for the high performance economy of the 1980s and 1990s. But Wall Street's prosperity soon tilted into gross excess. The astronomical leverage at major banks and their hedge fund and private equity clients led to massive disruption in global markets. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will go down in flames with it. Continued denial and concealment could cause the crisis to stretch out for years, but financial and government leaders are still downplaying the problem. The required restructuring will be at least as painful as the very difficult period of 1979-1983. The Two Trillion-Dollar Meltdown, updated to include the latest financial developments, is indispensable to understanding how the world economy has been put on the brink.
Economix. How and Why Our Economy Works Название: Economix. How and Why Our Economy Works Автор: Michael Goodwin, Joel Bakan, David Bach, Dan Burr Издательство: Abrams Год: 2012 Формат: pdf...
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The Two Trillion Dollar Meltdown 
