In an Uncertain World: Tough Choices from Wall Street to Washington

In an Uncertain World: Tough Choices from Wall Street to Washington

by Robert E. Rubin, Jacob Weisberg
3.8 6

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In an Uncertain World: Tough Choices from Wall Street to Washington 3.8 out of 5 based on 0 ratings. 6 reviews.
Guest More than 1 year ago
Very smart. Fun read and interesting to financially minded people.
Guest More than 1 year ago
This is a very useful read. The book provides deep insight into the analysis and difficulty associated with making economic policy, and will hopefully contribute to efforts to deepen debate over the role of government in economic terms. I think many will be shocked by how volatile the international financial markets really are. Beyond the economic issues, Rubin provides lots of insight into the essential differences in government decision-making vs. business decision-making which eludes to the many problems associated with 'privatizing' the government. But the book is dull, and Rubin himself appears unusually dull. The attempts at humor in the book seem forced and uncomfortable. Having spent most of his life in financial services companies, he has rarely/never invested in the markets because he does not feel that the risks are manageable. From this perspective it is difficult for him to pass himself off as a visionary, and therefore 'Rubinomics' seems to be more of a reiteration of traditional macroecomics that something truly new. While some would like more saucy secrets about the Clintons, I was most disappointed with his complete omission of a discussion of the two issues of why he joined Citi and the repeal of the Glass-Steagall Act. It is difficult to imagine that he was for repeal of the act based on his other views, and Citi was the principal short-term benefactor of the repeal. This along with his controversial phone call from Citi to treasury requesting intervention from the US government in support of Citi's interests in Enron is highly questionable, and I think the book would have provided a lot if he had gone into this. I would strongly encourage reading this book for its intellectual value.
Guest More than 1 year ago
Globalization, budget deficits, trade deficits! What does all this mean and how does it affect YOU! This is a must read book for everyone! It examines the importance of global policy and how poor economic policies will cost the future of America. You might not agree with everything he says, but it is a book that easily leads you into the realm of politics/economics. I don¿t think Rubin¿s main goal of the book is to demonstrate what is right and wrong when it comes to economic policies. His main goal is to get people involved in these issues and not let political sweet talks result in bad economic decisions that affects our future.
Guest More than 1 year ago
This book is at once (a) a story of Robert Rubin's career; (b) an exciting rendition of the ideas, meetings, and actions that guided us through several very frightening economic crises that arose on Rubin's watch; and (c) Rubin's views of what is needed to make the world a better place. For me, the (b) aspect was the most fun. No mathematics appear in the book, but a mathematical background on the part of the reader is helpful in understanding some of the ideas and discussion relative to the use of economic parameters, and ideas pertaining to probability estimates. In general, Liberals will probably like Rubin's take on the nature and consequences of the interaction of economics and politics, and Conservatives will not. But the problems were real, and the stories about how they were addressed are exciting and educational. It is obvious throughout the book that Rubin admires President Clinton's intellect and his ability to bond with people. Clinton's personal shortcomings are discussed only to an extent that gives the story flow. The other side of Clinton, the one that was able to fathom the concepts and understand the crises well enough to provide solid guidance at several key junctures, has probably been underappreciated. If the Bush tax cuts end up generating enough revenues to make up for them, then we may be able to say that some of Rubin's reservations about the dangers of supply-side economics are unwarranted. But it may take 10 years to find out.
Anonymous More than 1 year ago
Guest More than 1 year ago
Rubin¿s observations of the financial markets are generally informative but dull. Disappointedly, his political biases color the usefulness of the book. He is a Clinton apologist of the first order. More space is devoted in the book to his fly-fishing than Clinton¿s impeachment trial, the events leading up to it and the impact it had upon the country. Yet, much space is devoted to criticizing those opposing his socio-economic views. All in all, a forgettable book with little new to offer.