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2 Beaverton Economics- General

This title in other editions

The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

by

The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Cover

 

Synopses & Reviews

Publisher Comments:

Previously published as The Trillion Dollar Meltdown

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 misjudgments, 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.

Synopsis:

A New York Times bestseller on the financial crisis—now updated to address the current economic landscape

Synopsis:

We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will come crashing down with it.

The Trillion Dollar Meltdown explains how we got here, and what is about to happen. After the crash our priorities will be quite different. But things are likely to get worse before they better. Whether you are an active investor, a homeowner, or a contributor to your 401(k) plan, The Trillion Dollar Meltdown will be indispensable to understanding the gross excess that has put the world economy on the brink--and what the new landscape will look like.

About the Author

Charles R. Morris has written eleven books, most recently The Tycoons, a Barrons Best Book of 2005. A lawyer and former banker, Mr. Morriss articles and reviews have appeared in many publications including The Atlantic Monthly, the New York Times, and the Wall Street Journal.

Product Details

ISBN:
9781586486914
Author:
Morris, Charles R.
Publisher:
PublicAffairs
Subject:
Economics - General
Subject:
Finance
Subject:
Capital market
Subject:
Financial crises -- United States.
Subject:
Finance -- United States.
Subject:
Economic Conditions
Copyright:
Edition Description:
Trade Paper
Publication Date:
20090331
Binding:
TRADE PAPER
Grade Level:
General/trade
Language:
English
Illustrations:
charts
Pages:
240
Dimensions:
8.25 x 5.5 in 8.4 oz

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Related Subjects


Business » Accounting and Finance
Business » Communication
Business » General
History and Social Science » Economics » General
History and Social Science » Economics » US Economy
Science and Mathematics » Mathematics » Geometry » Algebraic Geometry

The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Used Trade Paper
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$2.50 In Stock
Product details 240 pages PublicAffairs - English 9781586486914 Reviews:
"Synopsis" by ,
A New York Times bestseller on the financial crisis—now updated to address the current economic landscape
"Synopsis" by , We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will come crashing down with it.

The Trillion Dollar Meltdown explains how we got here, and what is about to happen. After the crash our priorities will be quite different. But things are likely to get worse before they better. Whether you are an active investor, a homeowner, or a contributor to your 401(k) plan, The Trillion Dollar Meltdown will be indispensable to understanding the gross excess that has put the world economy on the brink--and what the new landscape will look like.

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