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Item Details
Title: DUMB MONEY
HOW OUR GREATEST FINANCIAL MINDS BANKRUPTED THE NATION
By: Daniel Gross
Format: Electronic book text

List price: £4.99


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ISBN 10: 1439152896
ISBN 13: 9781439152898
Publisher: SIMON & SCHUSTER
Pub. date: 23 February, 2009
Description: Daniel Gross exposes the major events that led to the current economic crisis and offers up-to-the-minute recommendations for how to come out on top.
Synopsis: 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.
Publication: US
Imprint: The Free Press
Returns: Non-returnable
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