Understand the world's biggest crash in 80 years and take control of your life.
Far from "blowing over in a year or two", the 2008 bank collapse grinds on. A crisis at least four decades in the making.... yet governments still pretend recovery is just months away.
Check all the views & interpretations in one slim, easy-to-read paperback.
Book review 1 / Radio interview 1
"China's naval strategy clearly implies a challenge to US hegemony"
Niall Ferguson:
'Chimerica' is Headed for Divorce
"-- there is simply nowhere that new financing for commercial real estate will come from, and the entire banking system will crash once the $1 trillion+ hole over the next 4 years becomes apparent --"
Tyler Durden:
The Trillion Dollar Time Bomb
"Could it be that people on antidepressants are literally less able to filter out unfair deals?"
Bullet Shih:
The US Financial Bubble on Drugs
Read what Collateral Damage's authors think went wrong.
Get all the angles in one collection.
27 authors & articles on the new global depression:
Quotes from the book:
See why they disagree.
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Paul Amery:
The Great Credit Rating Scandal -- The big credit-rating agencies have a dangerous conflict of interests
Ebipere Clark: Credit Default Swaps - A Primer -- An explanation of how credit vehicles work
Patrice Decafmeyer: Blind Faith -- The banking-regulation rules of Basel II were not followed by many bankers involved
Pepe Escobar: No Collateral, Just Damage -- US foreign policy is the key to the financial crisis
Judith Finn: Sallie Mae - Private Loans & Federal Urges -- How American federally-supported lending helped pile up stocks of bad loans
Stefan Karlsson: Two Swedish Models -- Sweden's social-welfare/free-trade mix is not the economic success foreign admirers think it is
Moti Levi: Risks, Decisions, and Market Failures -- Traders ignored system-wide risk when buying and selling supposedly risk-proofed securities
Richard Portes: Global Imbalances -- Long-standing deficits and surpluses in international trade fuel credit bubbles
Joseph Stiglitz: Wall Street's Toxic Message -- The US is hypocritically avoiding its own bitter medicine, the harsh measures the IMF impose on other debtor countries |
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"Silly me left the package open and my husband spotted it in the evening.
He grabbed it immediately and he was absolutely thrilled."
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Economic debate online:
marginalrevolution.com
/ timworstall.com
/ crookedtimber.org
/ delong.typepad.com
/ econlog.econlib.org
/ knowledgeproblem.com
/ a secret currency for London