This book is pretty up to date, although in a fast moving situation it is bound to be missing the very latest facts to the big stories such as the Barclays LIBOR allegations we have been reading about over the last couple of weeks. That is not any criticism of the book, just a good indication of how much there is to the story and the pace with which the story continues to unfold with, no doubt, plenty more where that came from.
The author clearly has a great depth of understanding on the subject but manages to impart the knowledge in a fast paced and accessible manner. This really is a riveting short read for what could be such a dry subject, I'd expect a lot of people would finish the book in a single sitting. Expect to become a pseudo expert on bonds, credit default swaps, currency rates, Government debt and mortgage in various parts of the world along with a good grasp of how the whole thing is linked together in one very large bundle. The analogy, used several times throughout the book, of the Victorian family furiously trying to keep up appearances whilst secretly using the bedroom furniture for firewood really helps your understanding.
This is a good companion read to The Euro Crisis For Dummies