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The Financial Crisis (Guardian Shorts)
 
 

The Financial Crisis (Guardian Shorts) [Kindle Edition]

Phillip Inman
4.7 out of 5 stars  See all reviews (3 customer reviews)

Kindle Price: £1.99 includes VAT* & free wireless delivery via Amazon Whispernet
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Product Description

Product Description

Every day brings another gloomy economic statistic. Countries heading for bankruptcy; banks running out of money; production down; shop prices up: and no end seems to be in sight. Newspapers and TV news shows dwell on the troubled times and report on the inability of politicians to present a coherent way for Britain and the rest of Europe to pull out of a long and seemingly never-ending depression. Nothing seems to give employers the confidence to hire more people, pay them an inflation-proof wage rise and reverse a long decline in living standards.

In The Financial Crisis: How Did We Get Here?, Phillip Inman explains what economic levers are available to policymakers, which ones are being pulled and which are being left idle. It examines why certain approaches are adopted, not just by politicians, but also by businesses, investors and workers, to give you a rounded, informed view of the current crisis.

Product details

  • Format: Kindle Edition
  • File Size: 239 KB
  • Print Length: 55 pages
  • Publisher: Guardian Books; 1 edition (16 May 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B00845H2R2
  • Text-to-Speech: Enabled
  • X-Ray: Not Enabled
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #30,186 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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4.7 out of 5 stars
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful
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This book is written by Phillip Inman who is the Economics Correspondent for The Guardian and The Observer newspapers. As such, he is perfectly placed to explain just what the hell is going on in the world at the moment. And he does so. After reading this I now understand what 'Quantitive Easing' and a 'double-dip recession' are and why they occurred.
Inman gives a succinct and understandable (but not dumbed-down in anyway) explanation of the financial crisis that has hit the planet over the last few years - obviously focussing on the UK, but looking at the wider world as well - and gives a useful overview of the background, the actual crisis itself and the ongoing problems that it caused.
If you were as confused about the whole thing as I was and want to get a handle on what's happened to your money, your house and your job then I absolutely recommend that you give this book a read.

Stephen Mellor - Author of The Long Sleep
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5.0 out of 5 stars A great, concise account of the mess. 31 July 2012
I'm not an economist and to be honest, get a bit bogged down (and bored) by nightly news coverage of the continuing financial meltdown. This book really helped me to understand where things have turned bad and how the world managed to get itself into this predicament.
Although some of the subject matter can often be a bit heavy for my very much non-mathematical/non-economist brain, I never felt out of my depth here.
The short length makes it easily digestible and it give a good grounding for more in-depth study. The conclusions at the end did feel a little rushed, but once again, serve as a catalyst for greater research at a later date.
A good price too.
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5.0 out of 5 stars Well paced explanation of the current state 12 July 2012
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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
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