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