Details
Synopsis
How could Charles Morris come out with such a well-researched book about the 2008 financial crises so quickly? It's because he predicted the credit and subprime mortgage crashes back in 2005, and has been preparing his book, THE TRILLION DOLLAR MELTDOWN, ever since. Morris not only tracks the roots of the crises--from the Keynesian theories of the 1960s through the "innovations" of the Alan Greenspan Federal Reserve era--with a meticulous awareness of financial history and patterns, but he also predicts a chain reaction of financial disaster and recession likely to descend in the years to come. Though Morris's economic prognosis is grim, he provides a number of solutions that could help prevent the stagnation experience of Japan or, worse, the devastation of the 1930s. Selected by the New York Times Book Review as a Notable Book of 2008.
| Size | | Length: | 194 pages | | Height: | 8.5 in | | Width: | 5.8 in | | Thickness: | 1.0 in | | Weight: | 12.8 oz |
Publisher's Notes
First Line: "For connoisseurs of misery, the ten years from 1973 through 1982 are a feast of low points."
Industry Reviews
"However up to date it may seem, this book is no rush job. Mr Morris deftly joins the dots between the Keynesian liberalism of the 1960s, the crippling stagflation of the 1970s and the free-market experimentation of the 1980s and 1990s, before entering the world of ultra-cheap money and financial innovation gone mad."
(03/06/2008)
"[A] sharp, thought-provoking historical wrap-up of the U.S. economy and its markets, along with clear scrutiny of today's economic woes."
(04/01/2008)
"[A] brilliant book....Few writers are as good as Morris at making financial arcana understandable and even fascinating."
(04/20/2008)
"Mr. Morris [is] a graceful writer. [He] accessibly explains Wall Street's arcane instruments, and spikes his narrative with aphorisms....This is a smart layperson's guide."
(04/06/2008)
"Morris, an American lawyer and investment banker, seems to have anticipated the present credit crunch for some years. His book THE TRILLION DOLLAR MELTDOWN, is the best account I have read of its genesis, written before the crunch had become global."
(12/19/2008)
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