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.
Customer Reviews
Average Rating:
Rating: - The right book at the right price
It was the book I am interested in, good price arrived on time. No worrys.
Rating: - Mammonology
As every schoolboy knows, there's nothing worse than a dull book, so (after painfully crawling through Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism by Kevin ... Read More
Rating: - Insight to the financial meltdown
This book, published last year before the meltdown, predicted in great detail what was about to happen. Charles Morris not only saw a pattern of financial danger, he was able to predict where we were going. ... Read More
Rating: - Nailed it!
I'm not an economist or even close to one but this book is written for the average reader to easily understand. If anyone wants to know how we got into the current financial collapse..read this book. The author ... Read More
Rating: - Superficial
I don't know why I expected a better book to be written about the crisis we are still in, but I did.
I found this book to be superficial. It is a small book and it spread itself too thin and tried ... Read More
- The right book at the right price
- Superficial