Extreme Money

The Masters of the Universe and the Cult of Risk

Paperback Engels 2011 9780273723974
€ 30,94
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Samenvatting

'A true insider’s devastating analysis of the financial alchemy of the last 30 years and its destructive consequences.  With his intimate first-hand knowledge, Das takes a knife to global finance and financiers to reveal its inner workings without fear or favor.'

-Nouriel Roubini, Professor of Economics at NYU Stern School of Business and Chairman of Roubini Global Economics

 

'Das describes the causes of the financial crisis with the insight and understanding of a financial wizard, the candor and objectivity of an impartial observer, and a wry sense of humor that reveals the folly in it all.'

Brooksley Born, former chairperson of the U.S. Commodity Futures Trading Commission (CFTC)

 

Once upon a time human society built things. We engineered beautiful objects and created authentic goods. Now this real industrial engineering has been replaced by financial engineering: shuffling money in an endless process of debt, trading and speculation. It’s enabled vast fortunes to be made for a few, while the risk was borne by ordinary people – the 'privatisation of gain' and 'socialisation of losses'.

 

Extreme Money tells the story of spectacular and dangerous money games and those elite bankers, traders and financiers, the so-called Masters of the Universe, who continue to play them. Written by an insider, Extreme Money will show you how, little by little, we’ve all become slaves to financial alchemy and have been enchanted by our own illusory creation: the cult of global finance.

Specificaties

ISBN13:9780273723974
Taal:Engels
Bindwijze:Paperback
Hoofdrubriek:Economie, Economie

Lezersrecensies

Wees de eerste die een lezersrecensie schrijft!

Inhoudsopgave

Prologue: Hubris

Sub-prime dialects

Best in show

The Physical Impossibility of Death in the Mind of Someone Living

Retreat

Swiss inquisitions

Idea of an investment

Ambush

Mega presentations

Fording streams

Liquidity and leverage

Democracy of greed

Pick and pay

Black Sea real estate

Life on the margin

Racing days

Dr Doom

Extreme money

 

 

Part 1 Faith

1          Mirror of the times

Some kinda money

Trading places

The invention of money

Barbarous relic

The real thing

The Hotel New Hampshire

Collapse

Money machines

Debt clock

Money is nothing

The mirrored room

 

2          Money changes everything

Mrs Watanabe goes to Wall Street

FX Beauties Club

Plutonomy

Trickling down, trading up

I shop, therefore I must be!

Spend it like Beckham!

Golden years

Tax avoidance

Japanese curse

The god of our time

 

3          Business of business

Limited consciences

A brilliant daring speculation

Dirty tricks

Marriages and separations

The house that Jack built

Capital ideas

WWJD – watch what Jack did!

Business dealings

 

4          Money for sale

It’s a wonderful bank!

Pass the parcel

Loan frenzy

Plastic fantastic money

Casino banking

Confidence tricks

The Citi of money

Sign of the times

 

5          Yellow brick road

Monumental money

The battle of the ‘pond’

Cool Britannia

Barbarian invasions

Unlikely centres

El-Dollardo economics

The unbalanced bicycle

Foreign treasure

Fool’s gold

Liquidity vortex

 

6          Money honey

Printing it

Column inches

Video money

Studs, starlets

Financial porn

Speedy money

Literary money

Money for all

 

 

Part 2 Fundamentalism

7          Los Cee-Ca-Go boys

Dismal science

Chicago Interpretation

Economic politics

Academic warfare

The Gipper and the Iron Lady

Political economy

New old deal

The monetary lens

Unstable stability?

 

8          False gods, fake prophecies

Mystery of price

Demon of chance

Corporate M&Ms

Risk taming

Slow and quick money

Corporate practice

Everything is just noise

Perfect worlds

Financial fundamentalism

Fata morgana

 

 

Part 3 Alchemy

9          Learning to love debt

Fixed floor coverings

By the bootstraps

Leverage for everything

Cutting to the bone

Professor Jensen goes to Wall Street

Drowning by numbers

Censored loans

High opportunity bonds

Fallen angels

Junk people

Milken’s mobsters

The sweet envy of bankers

Thank you for borrowing

One bridge too far

National treasure

 

10      &n

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€ 30,94
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