The trillion dollar meltdown: easy money, high rollers, and the great credit crash
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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Review: The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit CrashUser Review - Clare Fitzgerald - Goodreads
Looking back on my books from 2013, I realized I'd only read one book from the large pile of financial-catastrophe-related books I'd borrowed from Paul a while ago, and figured I'd need to start ... Read full review
Review: The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit CrashUser Review - Chris Ramirez - Goodreads
This is a great book. The author, former banker,lawyer has a great understanding of history, finance, and politics. Why you can tell he's probably a conservative guy, he's a realist who understands ... Read full review
Chapter Two Wall Street Finds Religion
Chapter Four A Wall of Money
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