From Black Monday to the Asian financial crisis, from the internet
bubble to mortgage meltdown, our lives are ruled by crazy cycles of
euphoria and hysteria that manage to grip the world but are
all-too-soon forgotten. In this unique collection of articles
Michael Lewis - ex-trader and bestselling chronicler of greed and
frenzy in the markets - casts a sceptical eye back over the most
panicked-about panics of recent decades. He tells a story of boom
and bust, deranged greed, outsized egos and over-inflated salaries,
where the only thing that can ever be predicted is our constant
inability to predict anything. Using contemporary accounts from
commentators such as Joseph Stiglitz, Jeffrey Sachs and Paul
Krugman, plus many of his own best writings, Lewis conveys the mood
before each catastrophe, what it was like in the heat of the
moment, how, afterwards, we tried to explain away the chaos - and
then failed to learn from it before the whole process started all
over again.
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