The Two Trillion Dollar Meltdown

The Two Trillion Dollar Meltdown

Author: Charles R. Morris

Publisher: ReadHowYouWant.com

Published: 2015-01-29

Total Pages: 207

ISBN-13: 1458798593

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We are living in the most uncertain financial environment in recent history. A quarter - century of reckless lending, asset stripping, free - market zealotry and hedge - fund secrecy has ended with a dramatic collapse. And, according to Charles R. Morris, an even more profound economic and political restructuring is on its way. In The Two Trillion Dollar Meltdown, Morris explains how we got here and what we can expect next. With insight and clarity, he cuts through the guff to provide an indispensable guide to confusing times. ''''''''How we got into the mess we're in, explained briefly and brilliantly.'''''''' - New York Times Book Review Charles R. Morris is a lawyer and former banker. He is the author of ten books, including The Cost of Good Intentions, Money, Greed and Risk and The Tycoons. He has written for the Atlantic Monthly, the New York Times and the Wall Street Journal.


Book Synopsis The Two Trillion Dollar Meltdown by : Charles R. Morris

Download or read book The Two Trillion Dollar Meltdown written by Charles R. Morris and published by ReadHowYouWant.com. This book was released on 2015-01-29 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are living in the most uncertain financial environment in recent history. A quarter - century of reckless lending, asset stripping, free - market zealotry and hedge - fund secrecy has ended with a dramatic collapse. And, according to Charles R. Morris, an even more profound economic and political restructuring is on its way. In The Two Trillion Dollar Meltdown, Morris explains how we got here and what we can expect next. With insight and clarity, he cuts through the guff to provide an indispensable guide to confusing times. ''''''''How we got into the mess we're in, explained briefly and brilliantly.'''''''' - New York Times Book Review Charles R. Morris is a lawyer and former banker. He is the author of ten books, including The Cost of Good Intentions, Money, Greed and Risk and The Tycoons. He has written for the Atlantic Monthly, the New York Times and the Wall Street Journal.


The Trillion Dollar Meltdown

The Trillion Dollar Meltdown

Author: Charles R. Morris

Publisher: Public Affairs

Published: 2008-03-04

Total Pages: 232

ISBN-13:

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We are living in the most reckless financial environment in recent history. The astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets.


Book Synopsis The Trillion Dollar Meltdown by : Charles R. Morris

Download or read book The Trillion Dollar Meltdown written by Charles R. Morris and published by Public Affairs. This book was released on 2008-03-04 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are living in the most reckless financial environment in recent history. The astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets.


Saving the Sun

Saving the Sun

Author: Gillian Tett

Publisher: Harper Collins

Published: 2009-10-13

Total Pages: 585

ISBN-13: 0061877638

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Saving the Sun tells the story of the world's largest private equity deal where American investors made billions of dollars rehabilitating Shinsei, a failed Japanese bank. Within that business saga is the dramatic tale of Japan's brightest financial minds, the men who made the Japanese economic miracle come to life, and their struggle against the economic failure in the 1990s. Into this climate of despair, where Japan seemed incapable of reviving prosperity, came a group of wily and determined Americans who would discover just how different the Japanese really are.


Book Synopsis Saving the Sun by : Gillian Tett

Download or read book Saving the Sun written by Gillian Tett and published by Harper Collins. This book was released on 2009-10-13 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saving the Sun tells the story of the world's largest private equity deal where American investors made billions of dollars rehabilitating Shinsei, a failed Japanese bank. Within that business saga is the dramatic tale of Japan's brightest financial minds, the men who made the Japanese economic miracle come to life, and their struggle against the economic failure in the 1990s. Into this climate of despair, where Japan seemed incapable of reviving prosperity, came a group of wily and determined Americans who would discover just how different the Japanese really are.


13 Bankers

13 Bankers

Author: Simon Johnson

Publisher: Vintage

Published: 2011-01-11

Total Pages: 338

ISBN-13: 030747660X

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In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.


Book Synopsis 13 Bankers by : Simon Johnson

Download or read book 13 Bankers written by Simon Johnson and published by Vintage. This book was released on 2011-01-11 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.


Summary: The Trillion Dollar Meltdown

Summary: The Trillion Dollar Meltdown

Author: BusinessNews Publishing

Publisher: Primento

Published: 2017-01-30

Total Pages: 44

ISBN-13: 2511002590

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The must-read summary of Charles R. Morris's book: “The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash”. This complete summary of "The Trillion Dollar Meltdown" by Charles R. Morris, a legal and financial expert, outlines his argument that the reason for the credit crunch was the reckless financial environment in which we had been operating. He explains the reasons for the creation of the greatest credit bubble in history and suggests radical restructuring to prevent further damages. Added-value of this summary: • Save time • Understand the credit bubble and the financial crisis • Expand your knowledge of economics and finance To learn more, read "The Trillion Dollar Meltdown" and discover what led to the worst financial crisis since the Great Depression.


Book Synopsis Summary: The Trillion Dollar Meltdown by : BusinessNews Publishing

Download or read book Summary: The Trillion Dollar Meltdown written by BusinessNews Publishing and published by Primento. This book was released on 2017-01-30 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The must-read summary of Charles R. Morris's book: “The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash”. This complete summary of "The Trillion Dollar Meltdown" by Charles R. Morris, a legal and financial expert, outlines his argument that the reason for the credit crunch was the reckless financial environment in which we had been operating. He explains the reasons for the creation of the greatest credit bubble in history and suggests radical restructuring to prevent further damages. Added-value of this summary: • Save time • Understand the credit bubble and the financial crisis • Expand your knowledge of economics and finance To learn more, read "The Trillion Dollar Meltdown" and discover what led to the worst financial crisis since the Great Depression.


Summary: The Trillion Dollar Meltdown

Summary: The Trillion Dollar Meltdown

Author: Businessnews Publishing

Publisher:

Published: 2017-01-30

Total Pages: 0

ISBN-13: 9782512004431

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Book Synopsis Summary: The Trillion Dollar Meltdown by : Businessnews Publishing

Download or read book Summary: The Trillion Dollar Meltdown written by Businessnews Publishing and published by . This book was released on 2017-01-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Comeback

Comeback

Author: Charles R. Morris

Publisher: Hachette UK

Published: 2013-05-07

Total Pages: 192

ISBN-13: 1610392272

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Charles R. Morris's The Trillion Dollar Meltdown (2008) was the first book to warn of the impending financial crash in all its horrific scale and speed. Now, with Comeback, Morris reveals that the United States is on the brink of a strong recovery that could last for twenty years or more. The great economic boom times in American history have come because of fortuitous discoveries. Natural resources (coal first, then oil) fueled vast economic and industrial expansions, which in turn helped create and supply new markets. The last genuine economic game changer was the technology boom of the 1990s, which gave the U.S. a global competitive advantage for a while based on electronics and silicon. One of the first writers and analysts in the U.S. to predict that the tech boom would lead to a period of sustained economic growth was Charles Morris. In defiance of the recessionary times (in 1990), he saw the coming boom. Now, in 2013, he sees the threshold of another. This time the gift is natural gas. The amount and distribution of gas in American shale is so vast that it has the potential to transform the manufacturing economy, creating jobs across the country, and requiring a new infrastructure that will benefit the nation as a whole. Because of fracking, jobs that once would have been outsourced abroad will return home, America can become a net exporter of energy, and cheap energy will provide the opportunity for innovation and competition. In light of this new opportunity, and other complementary developments Morris explores in this book, the U.S. ought to be approaching the future with a robust self-confidence it has not experienced in a while. But we could fumble it away. The gold-rush style of shale boom companies does not make them good neighbors. A counter-reaction could put their industry, and the new era of national prosperity, at risk. We also have a political system that has the capacity to spoil the benefits of this huge boon. If the wealth locked in the continental shelf is not shared for the general economic good, but is instead exploited in short-term profiteering, then many of the opportunities that exist will be choked off by a few very rich corporations. Managing the great bonus of the vast store of cheap energy is going to become a defining political challenge in the years ahead. At the threshold of a thrilling opportunity, Morris is a brilliantly perceptive guide.


Book Synopsis Comeback by : Charles R. Morris

Download or read book Comeback written by Charles R. Morris and published by Hachette UK. This book was released on 2013-05-07 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Charles R. Morris's The Trillion Dollar Meltdown (2008) was the first book to warn of the impending financial crash in all its horrific scale and speed. Now, with Comeback, Morris reveals that the United States is on the brink of a strong recovery that could last for twenty years or more. The great economic boom times in American history have come because of fortuitous discoveries. Natural resources (coal first, then oil) fueled vast economic and industrial expansions, which in turn helped create and supply new markets. The last genuine economic game changer was the technology boom of the 1990s, which gave the U.S. a global competitive advantage for a while based on electronics and silicon. One of the first writers and analysts in the U.S. to predict that the tech boom would lead to a period of sustained economic growth was Charles Morris. In defiance of the recessionary times (in 1990), he saw the coming boom. Now, in 2013, he sees the threshold of another. This time the gift is natural gas. The amount and distribution of gas in American shale is so vast that it has the potential to transform the manufacturing economy, creating jobs across the country, and requiring a new infrastructure that will benefit the nation as a whole. Because of fracking, jobs that once would have been outsourced abroad will return home, America can become a net exporter of energy, and cheap energy will provide the opportunity for innovation and competition. In light of this new opportunity, and other complementary developments Morris explores in this book, the U.S. ought to be approaching the future with a robust self-confidence it has not experienced in a while. But we could fumble it away. The gold-rush style of shale boom companies does not make them good neighbors. A counter-reaction could put their industry, and the new era of national prosperity, at risk. We also have a political system that has the capacity to spoil the benefits of this huge boon. If the wealth locked in the continental shelf is not shared for the general economic good, but is instead exploited in short-term profiteering, then many of the opportunities that exist will be choked off by a few very rich corporations. Managing the great bonus of the vast store of cheap energy is going to become a defining political challenge in the years ahead. At the threshold of a thrilling opportunity, Morris is a brilliantly perceptive guide.


The Ten Trillion Dollar Gamble: The Coming Deficit Debacle and How to Invest Now

The Ten Trillion Dollar Gamble: The Coming Deficit Debacle and How to Invest Now

Author: Russ Koesterich

Publisher: McGraw Hill Professional

Published: 2011-04-15

Total Pages: 273

ISBN-13: 0071754040

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The next economic storm and how to prepare for it--from a top decision-maker at BlackRock An economic calamity is already looming on the horizon, and it's going hit the U.S. on a scale equal to the recent mortgage meltdown and liquidity crisis of 2008-2009. In February, President Obama announced that the 2010 budget deficit would surpass $1.5 trillion, an amount greater than the total debt of our nation in its first 200 years of its existence. And things only get worse from here: between 2010 and 2019, America will add one trillion of additional debt every year. In The Ten Trillion Dollar Gamble, Russ Koesterich, who manages over $100 billion for the world's largest money management company, offers compelling evidence supporting his prediction that the global economy is on the verge of more, even greater upheaval and provides his unique insight into: The structural weaknesses underlying the economic meltdown Why commodities will be so important in the next economic climate Likely ramifications to the real estate market The best stocks to buy and which ones to avoid Today's investing strategies will be rendered useless in the next storm's wake. Written by one of the most qualified people in the business, The Ten Trillion Dollar Gamble offers a plan for protecting your wealth and preserving the power of your savings. Table of Contents Chapter 1. Why Worry About the Deficit? Chapter 2. Why the Deficit Will matter to You Chapter 3. What to Watch Chapter 4. How to Manage Your Cash and Debts Chapter 5. Investing in Bonds in a Rising Rate Environment Chapter 6. Stocks to Buy and Avoid Chapter 7. Why You May Need Commodities Chapter 8. What to do with Real Estate Chapter 9. Putting it All Together Chapter 10. Conclusion: Can We avoid the budget debacle?


Book Synopsis The Ten Trillion Dollar Gamble: The Coming Deficit Debacle and How to Invest Now by : Russ Koesterich

Download or read book The Ten Trillion Dollar Gamble: The Coming Deficit Debacle and How to Invest Now written by Russ Koesterich and published by McGraw Hill Professional. This book was released on 2011-04-15 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The next economic storm and how to prepare for it--from a top decision-maker at BlackRock An economic calamity is already looming on the horizon, and it's going hit the U.S. on a scale equal to the recent mortgage meltdown and liquidity crisis of 2008-2009. In February, President Obama announced that the 2010 budget deficit would surpass $1.5 trillion, an amount greater than the total debt of our nation in its first 200 years of its existence. And things only get worse from here: between 2010 and 2019, America will add one trillion of additional debt every year. In The Ten Trillion Dollar Gamble, Russ Koesterich, who manages over $100 billion for the world's largest money management company, offers compelling evidence supporting his prediction that the global economy is on the verge of more, even greater upheaval and provides his unique insight into: The structural weaknesses underlying the economic meltdown Why commodities will be so important in the next economic climate Likely ramifications to the real estate market The best stocks to buy and which ones to avoid Today's investing strategies will be rendered useless in the next storm's wake. Written by one of the most qualified people in the business, The Ten Trillion Dollar Gamble offers a plan for protecting your wealth and preserving the power of your savings. Table of Contents Chapter 1. Why Worry About the Deficit? Chapter 2. Why the Deficit Will matter to You Chapter 3. What to Watch Chapter 4. How to Manage Your Cash and Debts Chapter 5. Investing in Bonds in a Rising Rate Environment Chapter 6. Stocks to Buy and Avoid Chapter 7. Why You May Need Commodities Chapter 8. What to do with Real Estate Chapter 9. Putting it All Together Chapter 10. Conclusion: Can We avoid the budget debacle?


The Sages

The Sages

Author: Charles R. Morris

Publisher: PublicAffairs

Published: 2009-06-09

Total Pages: 224

ISBN-13: 0786747412

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Throughout the violent financial disruptions of the past several years, three men have stood out as beacons of judgment and wisdom: Warren Buffett, George Soros, and Paul Volcker. Though their experiences and styles vary—Buffett is the canny stock market investor; Soros is the reader of shifting global tides in trade and currencies; and Volcker is the regulator and governor, sheriff and clean-up crew—they have very much in common. All three men have more than fifty years of deep involvement in markets. All are skeptical of Wall Street frenzies. They believe that markets tend to be right, but usually only over the medium term. They have seen too many cycles of herd-driven, emotion-riding booms and busts to make their views hostage to the sweeping and simplistic assumptions of “efficient-markets” models. With the benefit of his own deep understanding of markets and finance, Morris brilliantly analyzes the records of these men, distilling their wisdom and experience—and argues for the importance of consistent values in navigating the treacherous terrain of today's globalized world.


Book Synopsis The Sages by : Charles R. Morris

Download or read book The Sages written by Charles R. Morris and published by PublicAffairs. This book was released on 2009-06-09 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the violent financial disruptions of the past several years, three men have stood out as beacons of judgment and wisdom: Warren Buffett, George Soros, and Paul Volcker. Though their experiences and styles vary—Buffett is the canny stock market investor; Soros is the reader of shifting global tides in trade and currencies; and Volcker is the regulator and governor, sheriff and clean-up crew—they have very much in common. All three men have more than fifty years of deep involvement in markets. All are skeptical of Wall Street frenzies. They believe that markets tend to be right, but usually only over the medium term. They have seen too many cycles of herd-driven, emotion-riding booms and busts to make their views hostage to the sweeping and simplistic assumptions of “efficient-markets” models. With the benefit of his own deep understanding of markets and finance, Morris brilliantly analyzes the records of these men, distilling their wisdom and experience—and argues for the importance of consistent values in navigating the treacherous terrain of today's globalized world.


The Dollar Meltdown

The Dollar Meltdown

Author: Charles Goyette

Publisher: National Geographic Books

Published: 2010-10-26

Total Pages: 0

ISBN-13: 1591843707

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The New York Times bestseller-an investment book for the coming age of high inflation. On the heels of the most recent economic crisis, America is headed toward another: high inflation and dollar devaluation. The signs are clear: Federal debt is compounding while growth has stalled, and America's foreign creditors are questioning the dollar's reserve currency status. Meanwhile, the "hidden" federal debt, much larger than the official debt, makes things even worse. But the good news, according to Charles Goyette, is that those who are prepared can protect themselves-and even profit-in this new era. Drawing on historical examples and a clear, down-to-earth analysis, he explains the importance of gold, silver, and other alternative investments when inflation takes off. He also gives readers the investing tools to protect their savings and capitalize on the opportunities ahead. Savvy readers don't have to be left holding the bag after decades of government irresponsibility.


Book Synopsis The Dollar Meltdown by : Charles Goyette

Download or read book The Dollar Meltdown written by Charles Goyette and published by National Geographic Books. This book was released on 2010-10-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times bestseller-an investment book for the coming age of high inflation. On the heels of the most recent economic crisis, America is headed toward another: high inflation and dollar devaluation. The signs are clear: Federal debt is compounding while growth has stalled, and America's foreign creditors are questioning the dollar's reserve currency status. Meanwhile, the "hidden" federal debt, much larger than the official debt, makes things even worse. But the good news, according to Charles Goyette, is that those who are prepared can protect themselves-and even profit-in this new era. Drawing on historical examples and a clear, down-to-earth analysis, he explains the importance of gold, silver, and other alternative investments when inflation takes off. He also gives readers the investing tools to protect their savings and capitalize on the opportunities ahead. Savvy readers don't have to be left holding the bag after decades of government irresponsibility.