Join Amazon Prime and get unlimited Free One-Day Delivery. Already a member? Sign in.
|
Frequently Bought Together
Customers Who Bought This Item Also Bought
by Paul Krugman
|
by Niall Ferguson
|
The Origin of Financial Crises: Central banks, credit bubbles and the efficient market fallacy by George Cooper |
by John Kenneth Galbraith
|
The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do About It by R Shiller |
Product details
Would you like to update product info or give feedback on images?
|
Customers Viewing This Page May Be Interested in These Sponsored Links(What is this?) |
Product Description
Review
'He's been around the tills long enough to recall the "complacent incompetence" of US manufacturing in the 1960s near the end of the liberal consensus. Richard Nixon welshed on the Bretton Woods commitment to redeem dollars in gold at a fixed price, and Paul Volcker of the US Treasury vanquished the resultant inflation in the early 80s - the destruction of much of the west's blue-collar employment was just collateral damage. And he locates the initial puff in every subsequent bubble.'
--The Telegraph, March 7th, 2009
Product Description
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 mis-judgments, 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.
See all Product Description
'He's been around the tills long enough to recall the "complacent incompetence" of US manufacturing in the 1960s near the end of the liberal consensus. Richard Nixon welshed on the Bretton Woods commitment to redeem dollars in gold at a fixed price, and Paul Volcker of the US Treasury vanquished the resultant inflation in the early 80s - the destruction of much of the west's blue-collar employment was just collateral damage. And he locates the initial puff in every subsequent bubble.'
--The Telegraph, March 7th, 2009
Product Description
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 mis-judgments, 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.
See all Product Description
Inside This Book
(Learn More)
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
What Do Customers Ultimately Buy After Viewing This Item?
 |
80% buy the item featured on this page: Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash £6.29 |
 |
7% buy The Origin of Financial Crises: Central banks, credit bubbles and the efficient market fallacy £11.89 |
 |
5% buy The Return of Depression Economics and the Crisis of 2008 £6.99 |
 |
4% buy The Ascent of Money: A Financial History of the World £5.99 |
Customer Reviews
|
Share your thoughts with other customers:
|
|||||||||
Most Helpful Customer Reviews
Share your thoughts with other customers: Create your own review
|
 |
Listmania!
Look for similar items by category
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
Health & Beauty at Amazon.co.uk |
More From Charles R. Morris
Trillion Dollar Meltdown: Easy Money... ...a comprehensive and jargon-free description of the hideously...
Read more
|
Up to 50% off Dental Care |
Treat Someone
With an Amazon.co.uk Gift Certificate, you can get them what they want (even if you don't know what that is). |
|||||||
| |||||
Your Recent History
(What's this?)|
You have no recently viewed items or searches.
After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in. Look to the right column to find helpful suggestions for your shopping session. |
Continue Shopping: Top Sellers
| ||||
Amazon Home | |
| International Sites: United States | Germany | France | Japan | Canada | China | |
| Business Programs: Sell on Amazon | Fulfilment by Amazon | Join Associates | Join Advantage | |
| Customer Service | Help | View Basket | Your Account | |
| About Amazon.co.uk | Careers at Amazon | |
| Conditions of Use & Sale | Privacy Notice © 1996-2009, Amazon.com, Inc. and its affiliates |
