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The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

Charles R. Morris
3.7/5 ( ratings)
Read Download
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 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.
Language
English
Pages
194
Format
Hardcover
Publisher
PublicAffairs
Release
March 04, 2008
ISBN
1586485636
ISBN 13
9781586485634

The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

Charles R. Morris
3.7/5 ( ratings)
Read Download
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 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.
Language
English
Pages
194
Format
Hardcover
Publisher
PublicAffairs
Release
March 04, 2008
ISBN
1586485636
ISBN 13
9781586485634

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