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Details
Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Charles R. Morris
Product Details
ISBN:
9781586485634
Format:
Hardcover
Pages:
194
Publish Date:
03/03/08
Publisher:
Public Affairs
Item Number:
PRSHC648563
How could Charles Morris come out with such a well-researched book about the 2008 financial crises so quickly? It's because he predicted the credit and subprime mortgage crashes back in 2005, and has been preparing his book, THE TRILLION DOLLAR MELTDOWN, ever since. Morris not only tracks the roots of the crises--from the Keynesian theories of the 1960s through the "innovations" of the Alan Greenspan Federal Reserve era--with a meticulous awareness of financial history and patterns, but he also predicts a chain reaction of financial disaster and recession likely to descend in the years to come. Though Morris's economic prognosis is grim, he provides a number of solutions that could help prevent the stagnation experience of Japan or, worse, the devastation of the 1930s.
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Review 1:
"However up to date it may seem, this book is no rush job. Mr Morris deftly joins the dots between the Keynesian liberalism of the 1960s, the crippling stagflation of the 1970s and the free-market experimentation of the 1980s and 1990s, before entering the world of ultra-cheap money and financial innovation gone mad."
03/06/2008
Review 2:
"Mr. Morris [is] a graceful writer. [He] accessibly explains Wall Street's arcane instruments, and spikes his narrative with aphorisms....This is a smart layperson's guide."
04/06/2008
Review 3:
"[A] sharp, thought-provoking historical wrap-up of the U.S. economy and its markets, along with clear scrutiny of today's economic woes."
04/01/2008
Review 4:
"[A] brilliant book....Few writers are as good as Morris at making financial arcana understandable and even fascinating."
04/20/2008
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