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Books : The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit CrashIn association with Amazon.com List Price: $22.95 Amazon.com's Price: $15.61 You Save: $7.34 (32%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: HardcoverDewey Decimal Number: 332.04150973 EAN: 9781586485634 ISBN: 1586485636 Label: PublicAffairs Manufacturer: PublicAffairs Number Of Items: 1 Number Of Pages: 224 Publication Date: March 03, 2008 Publisher: PublicAffairs Studio: PublicAffairs Sales Rank: 1513 Related Items:
Editorial Review: Product Description: 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. Average Rating:
 Rating:  - Real title should be "Why socialism is the better way"...This book can be summed up with the words of the late great singer, Jim Morrison, "This is the end...beautiful friend...this is the end...my only friend....the end of our elaborate plans....the end of everything that stands....the end" I enjoyed the first few chapters where Morris does a good job of detailing the history leading up to the credit crisis; however the last couple of chapters, a waste of paper are Morris' amateurish critique of free markets, Milton Friedman and the band ... Read More Rating: - The trillion dollar meltdownexcellent. Very readable and enlightening. Perhaps a little too technical in places for an ordinary reader like myself. Rating: - informative and balanced bookThis book looks at the roots of the current Credit crisis, starting in 1980s with full embracing of Free Markets and Deregulation. It explains everything in the context of the two periods, pre-1980s era when Govt regulation was prevalent and post-1980s era of Deregulated and Open Markets. Recently, I completed reading Alan Greenspan's book "Age of Turbulence". It is interesting to see how this book from Greenspan's book, since Greenspan is a strong cheerleader for Unregulated Free Markets. ... Read More Rating:  - Good Basic SurveyThere are a number of books available offering accounts of the current credit-debt meltdown. Morris' is a slim book minus the usual graphs and charts. The style is easy and readable; however, I doubt that he presents any new material or conjectures that would shed light beyond the many other book-length discussions. There appears to be a consensus on the basic facts and causes of the debacle ( financial deregulation, an easy credit Fed, et al.), and so far as I can determine, the author doesn't depart from ... Read More Rating:  - Excellent analysis of the current situationThis is the best book on global finance I have ever read. At first, the title of the book turned me off as it seemed like a marketing driven exaggeration. But, the author defines this potential $1 trillion meltdown in well supported details. On page 130, a table outlines where this estimated trillion dollar loss comes from. About $450 billion will come from the Subprime crisis that has monopolized the headlines. But, he anticipates another $345 billion will come from corporate debt (junk bonds and leveraged ... Read More Browse for similar items by category:
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