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The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash By Charles Morris

The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by Charles Morris

A New York Times bestseller on the financial crisis--now updated to address the current economic landscape
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The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Summary


Previously published as The Trillion Dollar Meltdown Now fully updated with the latest financial developments, this is the bestselling book that briefly and brilliantly explains how we got into the economic mess that is the Credit Crunch. With the housing markets unravelling daily and distress signals flying throughout the rest of the economy, there is little doubt that we are facing a fierce recession. In crisp, gripping prose, Charles R. Morris shows how got into this mess. He explains the arcane financial instruments, the chicanery, the policy misjudgments, the dogmas, and the delusions that created the greatest credit bubble in world history. Paul Volcker slew the inflation dragon in the early 1980s, and set the stage for the high performance economy of the 1980s and 1990s. But Wall Street's prosperity soon tilted into gross excess. The astronomical leverage at major banks and their hedge fund and private equity clients led to massive disruption in global markets. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will go down in flames with it. Continued denial and concealment could cause the crisis to stretch out for years, but financial and government leaders are still downplaying the problem. The required restructuring will be at least as painful as the very difficult period of 1979-1983. The Two Trillion-Dollar Meltdown , updated to include the latest financial developments, is indispensable to understanding how the world economy has been put on the brink.

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Additional information

Sku
GOR001305542
Title
The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Author
Condition
Very Good
Binding type
Paperback
Publisher
INGRAM PUBLISHER SERVICES US
Year published
Number of pages
240
ISBN 10
1586486918
ISBN 13
9781586486914
Prizes
N/A
Cover note
Book picture is for illustrative purposes only, actual cover or edition may vary.
Note
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.