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

4.2 out of 5 stars 13 customer reviews

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Length: 64 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Product details

  • Format: Kindle Edition
  • File Size: 210 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
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  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 4.2 out of 5 stars 13 customer reviews
  • Amazon Bestsellers Rank: #218,530 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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4.2 out of 5 stars
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Top Customer Reviews

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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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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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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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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Verified Purchase
Wow some scenario painted by this book which is really great read especially chapter 4 which deals very much with the UK situation. One thing not mentioned in all these books when referring to UK debt is PFI [Private Finance Imitative]. Sure the bankers have cost us a fortune but we shouldn't leave out the politicians either as they have saddled us all with huge PFI debt as well which is technically off balance sheet.
Mathew Lynn writes well and it is an easy read too which some of these books aren't. A good buy.
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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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Verified Purchase
I always thought this downturn in the economic cycle would be different from the short past ones and this book explains why.
It used to amaze me about the excesses of the past 20 years but when you realise that the country has been in recession for 40 years as this book explains with calculating GDP which includes household and government debt,you can see why we're in the mess that is now. Another great fact from this book was that the UK government lent more in the last 3 years than the whole of last century,shocking stuff and the road ahead won't impress your children :)
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