Amazon.com: The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash: Charles R. Morris: Books
Mr. Morris finished writing his book in late 2007; it was published March 2008. In his book, he predicted a meltdown in "mid 2008" - who can fault him for a being a few months early? What is less important than his remarkably prescient prediction (someone somewhere is always predicting a meltdown ) is his accurate description of the root causes behind the meltdown.
He compares the current crisis to previous crises, and describes the financial instruments and practices that have gotten us into this mess. Quite fascinating, really, in a morbid sort of way. If I had read this book in March 2008 and acted upon it, I could have saved a bundle. Unfortunately, at that time I would have dismissed the book based on its title as alarmist pap.
The last two chapters, describing the post-crash world and how to recover, are by far the weakest. Now that the "Great Unwinding" (chapter 6) he predicted has actually come to pass, I'm sure that he could write far more focused and relevant chapters 7 and 8.
Happy Reading!
Mr. Morris finished writing his book in late 2007; it was published March 2008. In his book, he predicted a meltdown in "mid 2008" - who can fault him for a being a few months early? What is less important than his remarkably prescient prediction (someone somewhere is always predicting a meltdown ) is his accurate description of the root causes behind the meltdown.
He compares the current crisis to previous crises, and describes the financial instruments and practices that have gotten us into this mess. Quite fascinating, really, in a morbid sort of way. If I had read this book in March 2008 and acted upon it, I could have saved a bundle. Unfortunately, at that time I would have dismissed the book based on its title as alarmist pap.
The last two chapters, describing the post-crash world and how to recover, are by far the weakest. Now that the "Great Unwinding" (chapter 6) he predicted has actually come to pass, I'm sure that he could write far more focused and relevant chapters 7 and 8.
Happy Reading!