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The Long Depression: The Slump of 2008 to 2031 (Updated 2013 Edition)
 
 

The Long Depression: The Slump of 2008 to 2031 (Updated 2013 Edition) [Kindle Edition]

Matthew Lynn
4.2 out of 5 stars  See all reviews (13 customer reviews)

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Product Description

Product Description

When the credit crunch struck in 2008, finance ministers feared we were faced with a re-run of the Great Depression of the 1930s and rushed to pump money into the global economy.

In this ground-breaking essay, the award-winning financial columnist Matthew Lynn argues that what we are going through is a re-run of the Long Depression, a slump that lasted from 1873 to 1896.

Three huge financial shocks have collided with each other: the ending of the great debt bubble, the demise of the dollar as a global reserve currency, and the slow motion car crash of the euro.

Each on their own would hit the world economy hard. Taken together, it is the economic equivalent of having a heart attack, suffering a stroke, and then getting shot - all on the same morning. In this concise, stimulating essay, Matthew Lynn argues that as the global economy is rocked by these three financial earthquakes, it will experience a prolonged period of turbulence and volatility. And the slump will last as long as its nineteenth century predecessor.

The 2013 edition has been expanded and updated to bring it up to date.

Matthew Lynn is a columnist for The Wall Street Journal MarketWatch, for Money Week, and a regular contributor to The Spectator and The Sunday Times. His latest financial book ‘Bust: Greece, The Euro & The Sovereign Debt Crisis’ was short-listed for the Spear’s/Citbank Business Book of the Year award.

His financial books have been widely praised.

“Lynn’s book is fast-paced, entertaining and perceptive about the causes of the crisis.” – The Financial Times on Bust.

"Public finance seldom makes for a juicy read. But Matthew Lynn turns central banking into a seesaw of ghastly revelations and roaring hilarity. Bust is solid macroeconomics, practical trade theory, and fiscal policy that anybody can understand.” – The Financial Post, Canada, on Bust.

“An excellent primer on the euro crisis” – National Review.

Endeavour Press is the UK's leading publisher of digital books.

Product details

  • Format: Kindle Edition
  • File Size: 161 KB
  • Print Length: 64 pages
  • Publisher: Endeavour Press Ltd; 1 edition (8 Dec 2011)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B006JY45ZC
  • Text-to-Speech: Enabled
  • X-Ray:
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (13 customer reviews)
  • Amazon Bestsellers Rank: #155,181 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
10 of 10 people found the following review helpful
5.0 out of 5 stars Entertaining and Educational.... 11 Dec 2011
By Jacks
The Long Depression by Matthew Lynn is a timely and insightful book exploring the causes of the economic crisis. Ever since the economic crisis began in 2008 commentators have compared the slump to the Great Depression of the 1930s. For Lynn the current crisis is comparable to the Long Depression that lasted from 1873 to 1896. Lynn's arguments are well thought out and persuasive and the book is equally entertaining as it is educational.

Although we have just come through the perfect economic storm, as the author describes it - and there are storms still on the horizon in regards to the ailing Eurozone and national and personal indebtedness - The Long Depression is the first book I have read for awhile on the subject which is also written with humour and yes, at the very end, optimis
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9 of 9 people found the following review helpful
5.0 out of 5 stars The shape of things to come... 31 Dec 2011
By Kerry
A shocking and enthralling read. Matt Lynn brilliantly conveys the true costs of the current economic crisis being faced across Europe. Brutally he points out, 'it is as if a person had suffered a heart attack, then been shot, then been bundled into an ambulance which had crashed on the way to the hospital. You wouldn't expect them to be in very good shape, or to get better quickly.' Short, yet brimming with information, this intriguing essay utilises historical fact to predict future outcomes for the economy.
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4 of 4 people found the following review helpful
5.0 out of 5 stars Highly recommended 11 Mar 2012
By Natalie
Matt Lynn successfully unravels and demystifies the recent economic crisis, exploring complex features which are too-often overlooked by the media. Despite a technical economic foundation, this essay accessibly and methodically presents a forecast for the mid-term based upon a range of measures. Through explaining his predictions, Lynn also details contributory factors to the downturn allowing the uninformed reader to better understand how the global economy arrived at its present circumstances - and what in fact, its present circumstances actually are. Fascinating for experts and empowering for novices. A great read.
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14 of 16 people found the following review helpful
5.0 out of 5 stars Bleak but illuminating! 10 Dec 2011
A Short book on The Long Depression....

Matthew Lynn has written a bleak, but illuminating, account of the current economic crisis - and what's on the horizon. However, he also draws on historical evidence from the recessions of the late 1800's and the `Great' depression of the 1930's to put what is happening now into context. He argues that history is repeating itself (albeit not wholly).

The book is particularly pertinant to UK readers - and the European question - although Lynn also addresses the problems and prospective fate of the United States of America.

This engaging and pithy short book, which in some ways reads like an extended Economist article, is suitable for economists and general readers as well. Topics such as debt, EU incompetence, political short-termism and our own greed and folly are all covered.

Although The Long Depression does not wholly agree with or vindicate George Osborne's strategy/decisions, it does rightly condemn the mistakes and deceptions of the Labour Government and Ed Ball's myopia - who would have us dig a deeper hole of indebtedness to furnish us with an economic grave.

Lynn presents his argument in six concise, well thought-out chapters. There are nice touches of humour too. He should particularly be praised for the way in which he manages to assure the readers that there will be light at the end of the tunnel (if we stop making the wrong turns) despite the dire straits we have got ourselves in.
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2 of 2 people found the following review helpful
4.0 out of 5 stars short but worth 18 Dec 2012
By alessio
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I would recommend it although it is not a book but an essay, and as such it is not an exhaustive view.
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1 of 1 people found the following review helpful
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This is an interesting book, but it tells us nothing that you could not have read on any number of doom-monger blogs over the last few years. The basic premise is that the current downturn is much worse than we hope because there is so much debt in the system. Hardly an original suggestion. It's also not a particularly long book and does not go into much detail. Overall, a pretty bad investment.
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1 of 1 people found the following review helpful
5.0 out of 5 stars A must read 19 Jun 2013
Verified Purchase
Great overview and analysis of the debt burden that is hanging over most of the developed economies.

Not a light read for the summer break
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Most Recent Customer Reviews
5.0 out of 5 stars ... some scenario painted by this book which is really great read...
Wow some scenario painted by this book which is really great read especially chapter 4 which deals very much with the UK situation. Read more
Published 1 day ago by Mr. Alexander Watt
5.0 out of 5 stars Pertinant Reminder
A good short book reminding us how frail the money systems are. Anyone with investments need to be constantly on watch for another bank mentdown or credit crunch.
Published 4 months ago by R. F. Culverhouse
4.0 out of 5 stars Found it excellent
Well written and very compelling. My only criticism is a technical one; the book may not have been expensive but that is no excuse for sloppy proof reading. Read more
Published 10 months ago by Ronald Rothammer
3.0 out of 5 stars A short essay comparing the recent problems with the 1870's
The basic thesis is that no-one is around who has the memory of long bad recessions can last. This one is different and the unwinding of the Euro will be chaotic and harmful. Read more
Published 13 months ago by Mr. A Howie
4.0 out of 5 stars A bigger mess than you thought
I always thought this downturn in the economic cycle would be different from the short past ones and this book explains why. Read more
Published 20 months ago by Gary Cox
2.0 out of 5 stars Makes some good points, but it's a flawed gem
Matthew Lynn makes some good points: that the economies of most developed nations face three brakes on growth and that the situation they face is as bad as, if not worse than, the... Read more
Published on 26 Mar 2012 by M. Bishop
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Popular Highlights

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For investors, the main task will be to focus on countries that have relatively little debt. &quote;
Highlighted by 13 Kindle users
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The second trend to watch for will be the emergence of a new global reserve currency. &quote;
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The euro will be gone by 2015. A new global reserve currency to replace the dollar will have emerged by 2020. And the debt crisis will have been resolved by 2030. &quote;
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