Reviews

CRISIS ECONOMICS: A Crash Course in the Future of Finance

Editorial Review - Kirkus - Jane Doe

Two professors explain how we got into the current economic mess and offer a prescription for the way out.Roubini (Economics/New York Univ.; co-author, New International Financial Architecture, 2006, etc.) and Mihm (History/Univ. of Georgia; A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States, 2007, etc.) define crisis economics as "the study of how and why ... Read full review

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Nouriel Roubini is the rare economist who, in the midst of a speculative bubble, accurately warned that the financial crisis of 2008 was coming. His bona fides established – and his “Dr. Doom” nickname well earned – Roubini and economics professor Stephen Mihm offer an insightful, entertaining look at the history and future of crashes. Get ready, Roubini warns: After a period of relative calm after the 1930s Great Depression, financial markets are in for a wild ride. He expects financial crashes to continue and offers advice for mitigating the damage, such as restructuring Wall Street bonuses and reining in big banks, although you may suspect that his recommendations will go unheeded. getAbstract recommends this book to investors and business leaders seeking a deeper understanding of the markets’ gyrations.
More about this book:
http://www.getabstract.com/en/summary/economics-and-politics/crisis-economics/14093/
 

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Gives a bird's eye view on the current credit crisis in the united states. Government fiscal Policies are failing and will continue to fail due to credit bubbles and government intervention. Fundamental economics will always trump credit card economics. Banks will not be forced to lend without any collateral, easy credit environment created the crisis. On top of that instead of going back to fundamentals the US government intervening on a grand scale by increasing more debt. A great read to understand how the credit bubbles came to be, and a good historical read so that one may be able to recognize patterns of credit bubbles. 

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