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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.
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Previews available in: English
Subjects
Current Events, Financial crises, Finance, Capital market, Krise, Kapitalmarkt, Nonfiction, Kreditrisiko, Finance, united statesPlaces
United States, USAShowing 2 featured editions. View all 2 editions?
Edition | Availability |
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1
The Trillion Dollar Meltdown
2008, PublicAffairs
Electronic resource
in English
1586486543 9781586486549
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Libraries near you:
WorldCat
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2
The trillion-dollar meltdown: easy money, high rollers, and the great credit crash
2008, PublicAffairs
in English
- 1st ed.
1586485636 9781586485634
|
aaaa
Libraries near you:
WorldCat
|
Book Details
Table of Contents
Edition Notes
Includes bibliographical references and index.
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The Physical Object
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