The financial crisis that has gripped this country since last
September has had so many twists and turns, it would make for a
great drama -- if it all were not so real and damaging. Companies
are shutting down and laying off workers, 401ks are melting away,
and the government is spending $700 billion dollars to bail out
banks and financial institutions -- and that's only the beginning.
The financial services industry, and the many industries that
depend on it -- from housing to cars -- is in intensive care. So
what happened? How did we get to this point of financial disaster?
Is the economy just a huge, Madoff-esque Ponzi scheme? It is a
complicated and confusing story -- but Daniel Gross of Newsweek has
a special gift for making complicated matters easy to understand
and even entertaining. In Dumb Money, he offers a guide to the
debacle and to what the future may hold. This is not so much a book
about who did what, though that's part of the story. Rather, it
pieces together the building blocks of the debt-fueled economy, and
distills the theory and personalities behind our late, lamented
easy money culture. Dumb Money is a book that finally lays it all
out in an engaging way, and might just help people invest their
money smartly until the gloom passes.
General
Imprint: |
The Free Press
|
Country of origin: |
United States |
Release date: |
April 2009 |
First published: |
April 2009 |
Authors: |
Daniel Gross
|
Dimensions: |
214 x 140 x 8mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
112 |
ISBN-13: |
978-1-4391-5987-3 |
Categories: |
Books >
Business & Economics >
Business & management >
General
|
LSN: |
1-4391-5987-4 |
Barcode: |
9781439159873 |
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