The Financial Crisis in Perspective (Collection) [NOOK Book]

Overview

How the financial crisis really happened, and what it really meant: 3 books packed with lessons for investors and policymakers!

These three books offer unsurpassed insight into the causes and implications of the global financial crisis: information every investor and policy-maker needs to prepare for an extraordinarily uncertain future. In Financial Shock, Updated Edition, renowned economist Mark Zandi provides the most concise, lucid account...
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The Financial Crisis in Perspective (Collection)

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Overview

How the financial crisis really happened, and what it really meant: 3 books packed with lessons for investors and policymakers!

These three books offer unsurpassed insight into the causes and implications of the global financial crisis: information every investor and policy-maker needs to prepare for an extraordinarily uncertain future. In Financial Shock, Updated Edition, renowned economist Mark Zandi provides the most concise, lucid account of the economic, political, and regulatory causes of the collapse, plus new insights into the continuing impact of the Obama administration’s policies. Zandi doesn’t just illuminate the roles of mortgage lenders, investment bankers, speculators, regulators, and the Fed: he offers sensible recommendations for preventing the next collapse. In Extreme Money, best-selling author and global finance expert Satyajit Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth, while endangering the jobs, possessions, and futures of everyone outside finance. Das explains how everything from home mortgages to climate change have become fully financialized… how “voodoo banking” keeps generating massive phony profits even now… and how a new generation of “Masters of the Universe” has come to own the world. Finally, in The Fearful Rise of Markets, top Financial Times global finance journalist John Authers reveals how the first truly global super bubble was inflated, and may now be inflating again. He illuminates the multiple roots of repeated financial crises, presenting a truly global view that avoids both oversimplification and ideology. Most valuable of all, Authers offers realistic solutions: for decision-makers who want to prevent disaster, and investors who want to survive it.

From world-renowned leaders and experts, including Dr. Mark Zandi, Satyajit Das, and John Authers

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Product Details

  • ISBN-13: 9780133087529
  • Publisher: Pearson Education
  • Publication date: 5/18/2012
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 1040
  • File size: 8 MB

Table of Contents

Financial Shock, Updated Edition: Global Panic and Government Bailouts–How We Got Here and What Must Be Done to Fix It

Acknowledgments viii

About the Author ix

Introduction 1

Chapter 1: Subprime Précis 9

Chapter 2: Sizing Up Subprime 33

Chapter 3: Everyone Should Own a Home 49

Chapter 4: Chairman Greenspan Counts on Housing 67

Chapter 5: Global Money Men Want a Piece 81

Chapter 6: Bad Lenders Drive Out the Good 97

Chapter 7: Financial Engineers and Their Creations 113

Chapter 8: Home Builders Run Aground 131

Chapter 9: As the Regulatory Cycle Turns 145

Chapter 10: Boom, Bubble, Bust, and Crash 161

Chapter 11: Credit Crunch 175

Chapter 12: Timid Policymakers Turn Bold 193

Chapter 13: Economic Fallout 233

Chapter 14: Back to the Future 251

Endnotes 273

Index 285

Extreme Money: Masters of the Universe and the Cult of Risk

Prologue: Hubris 1

Part I: Faith

Chapter 1: Mirror of the Times 21

Chapter 2: Money Changes Everything 38

Chapter 3: Business of Business 52

Chapter 4: Money for Sale 65

Chapter 5: Yellow Brick Road 78

Chapter 6: Money Honey 89

Part II: Fundamentalism

Chapter 7: Los Cee-Ca-Go Boys 101

Chapter 8: False Gods, Fake Prophecies 116

Part III: Alchemy

Chapter 9: Learning to Love Debt 133

Chapter 10: Private Vices 153

Chapter 11: Dice with Debt 168

Chapter 12: The Doomsday Debt Machine 188

Chapter 13: Risk Supermarkets 208

Chapter 14: Financial Arms Race 226

Chapter 15: Woodstock for Hedge Funds 239

Chapter 16: Minsky Machines 253

Part IV: Oligarchy

Chapter 17: War Games 264

Chapter 18: Shell Games 279

Chapter 19: Cult of Risk 294

Chapter 20: Masters of the Universe 307

Chapter 21: Financial Nihilism 321

Part V: Cracks

Chapter 22: Financial Gravity 337

Chapter 23: Unusually Uncertain 348

Index 429

The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How to Prevent Them in the Future

Acknowledgments ix

About the Author xii

Foreword xiii

Timeline xvi

Chapter 1: The Fearful Rise of Markets 1

Part I: The Rise

Chapter 2: Investment Becomes an Industry 9

Chapter 3: Indexes and Efficient Markets 16

Chapter 4: Money Markets Supplant Banks 25

Chapter 5: From Gold Standard to Oil Standard 32

Chapter 6: Emerging Markets 40

Chapter 7 Junk Bonds 48

Chapter 8: The Carry Trade 55

Chapter 9: Foreign Exchange 62

Chapter 10: Irrational Exuberance 69

Chapter 11: Banks Too Big to Fail 76

Chapter 12: Hedge Funds 83

Chapter 13: Dot Coms and Cheap Money 90

Chapter 14: BRICs 97

Chapter 15: Commodities 104

Chapter 16: Credit 112

Part II: The Fall

Chapter 17: Ending the Great Moderation 120

Chapter 18: Quant Funds 127

Chapter 19: Trust 133

Chapter 20: Bank Runs 139

Chapter 21: Bastille Day: Reflexive Markets 145

Chapter 22: Lessons from Lehman 152

Chapter 23: Politics and Institutions 158

Chapter 24: The Paradox of Diversification 163

Part III: The Fearful Rise

Chapter 25: Decoupling 171

Chapter 26: Banks Bounce 179

Chapter 27: A New Bubble? 186

Conclusion: 2010 and After 194

Notes 202

Select Bibliography 215

Index 222

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