Robert Rubin was sworn in as the seventieth U.S. Secretary of the
Treasury in January 1995 in a brisk ceremony attended only by his
wife and a few colleagues. As soon as the ceremony was over, he
began an emergency meeting with President Bill Clinton on the
financial crisis in Mexico. This was not only a harbinger of things
to come during what would prove to be a rocky period in the global
economy; it also captured the essence of Rubin himself--short on
formality, quick to get into the nitty-gritty.
From his early years in the storied arbitrage department at Goldman
Sachs to his current position as chairman of the executive
committee of Citigroup, Robert Rubin has been a major figure at the
center of the American financial system. He was a key player in the
longest economic expansion in U.S. history. With In an Uncertain
World, Rubin offers a shrewd, keen analysis of some of the most
important events in recent American history and presents a clear,
consistent approach to thinking about markets and dealing with the
new risks of the global economy.
Rubin's fundamental philosophy is that nothing is provably certain.
Probabilistic thinking has guided his career in both business and
government. We see that discipline at work in meetings with
President Clinton and Hillary Clinton, Chinese premier Zhu Rongji,
Alan Greenspan, Lawrence Summers, Newt Gingrich, Sanford Weill, and
the late Daniel Patrick Moynihan. We see Rubin apply it time and
again while facing financial crises in Asia, Russia, and Brazil;
the federal government shutdown; the rise and fall of the stock
market; the challenges of the post-September 11 world; the ongoing
struggle over fiscal policy; and many other momentous economic and
political events.
With a compelling and candid voice and a sharp eye for detail,
Rubin portrays the daily life of the White House-confronting
matters both mighty and mundane--as astutely as he examines the
challenges that lie ahead for the nation. Part political memoir,
part prescriptive economic analysis, and part personal look at
business problems, In an Uncertain World is a deep examination of
Washington and Wall Street by a figure who for three decades has
been at the center of both worlds.
"From the Hardcover edition."
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