The Age of Instability: The Global Financial Crisis and What Comes Next (Google eBook)

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Profile Books, Mar 1, 2011 - Business & Economics - 288 pages
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Bored with endless grandstanding and people being wise after the event? Then The Age of Instability is the one book you should read on the financial crisis. Setting the near collapse of the international financial markets and banking system in a global and historical context, Sunday Times economics editor and bestselling author David Smith looks not only at the political and economic factors that contributed to the fall of Lehmans, collapse of Iceland and disintegration of the subprime mortgage market but also at the emergence of a culture of risk and greed that made it possible to believe that greed was good and the good times would last forever. It provides an authoritative yet accessible guide to what happened, where, and when with practical suggestions for what needs to happen next.

  

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Contents

introduction
1
Out of the ashes
5
the Rehearsal
25
Longterm Capital mismanagement
38
No Return to Boom and Bust
48
Subprime Follies
70
Banking in the Shadows
91
Death of the Rock
103
the Weekend that Changed the World
144
Battling the meltdown
171
Keynes makes a Comeback
194
if these things Were So Large how Come Everyone missed them?
203
the New age of instability
223
after the Crisis ten Ways the World Will Change
250
Notes
264
index 264
278

the Demise of Bear
128

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About the author (2011)

David Smith is economics editor of the Sunday Times and regularly comments on the radio and television on economics. He is the author of Free Lunch (9781846682636) and The Dragon and the Elephant (9781861978202) - both Profile.

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