Cover of: The trillion-dollar meltdown | Morris, Charles R.

The trillion-dollar meltdown

easy money, high rollers, and the great credit crash

1st ed.

Published by PublicAffairs in New York .
Written in English.

About the Book

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.

Table of Contents

The death of liberalism
Wall Street finds religion
Bubble land: early practice runs
A wall of money
A tsunami of dollars
The great unwinding
Winners and losers
Recovering balance.

Edition Notes

Includes bibliographical references and index.

Classifications

Dewey Decimal Class
332/.04150973
Library of Congress
HG4910 .M667 2008

The Physical Object

Pagination
p. cm.

ID Numbers

Open Library
OL18008245M
Internet Archive
trilliondollarme00morr
ISBN 13
9781586485634
LC Control Number
2007048207
Library Thing
4989075
Goodreads
2740510
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History

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April 6, 2012 Edited by ImportBot import new book
August 12, 2011 Edited by ImportBot add ia_box_id to scanned books
January 1, 2011 Edited by ImportBot Found a matching record from Internet Archive .
August 18, 2010 Edited by IdentifierBot added LibraryThing ID
October 9, 2008 Created by ImportBot Initial record created, from Library of Congress MARC record.