Two trillion dollar meltdown easy money, high rollers, and the great credit crash Charles R. Morris.

By:

Morris, Charles R

Material type: Text

TextPublication details: New York Public Affairs 2008Description: xxv, 208 p. 21 cmISBN:

9781586486914

Subject(s):

DDC classification:

332.041509 22 MO-T

Contents:

Ch. 1. The Death of Liberalism -- Ch. 2. Wall Street Finds Religion -- Ch. 3. Bubble Land: Practice Runs -- Ch. 4. A Wall of Money -- Ch. 5. A Tsunami of Dollars -- Ch. 6. The Great Unwinding -- Ch. 7. Picking through the Shards -- Ch. 8. Recovering Balance.

Review: "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."--BOOK JACKET.

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Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode
Print	OPJGU Sonepat- Campus Main Library	General Books	332.041509 MO-T (Browse shelf(Opens below))	Available		124435

"Hardcover published as The Trillion Dollar Meltdown in 2008"--T.p. verso.

Includes bibliographical references (p. 179-191) and index.

"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."--BOOK JACKET.

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