Bad Money Reckless Finance Failed Politics and the Global Crisis of American Capitalism Download Ì 109

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Bad Money Reckless Finance Failed Politics and the Global Crisis of American Capitalism Download Ì 109 ☆ [Download] ✤ Bad Money Reckless Finance Failed Politics and the Global Crisis of American Capitalism By Kevin Phillips – Horticulturetrader.co.uk In its hubris tReckless Finance ePUB #10003 In its hubris the financial sector has hijacked the American economy and put our very global future at risk Bad money refers not just to the depreciated dollar but to the dangerous attitudes and flawed products of wayward megafinance Also bad are the risk miscalculations and strategic abuses of new Money Reckless Finance Failed Poli. This book is both prescient and dated It covers the credit crisis up the end of 2007 and correctly forecast the credit problems in the fall of 2008Kevin Phillips is also a policy wonk and his tendency is to focus general political realities rather than just finance Which is often a good thing but finance viewed in isolation can be a stifling viewPhillips makes every attempt to make his subject readable but this is still a chart heavy book I agree with his approach we need the charts to understand the material I have a finance major so this book is not daunting to mePhillips has a few really good ideas that he belabours Some like peak oil and 100 barrels of oil which sounded so inevitable in the spring of 2008 are now viewed in an entirely different light Even after all the recent coverage about the credit crises and how the major players managed to get us in this mess Phillips revealed many telling details of how things happened behind the scenes

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Ino like markets and Washington's reliance on misleading statistics about inflation and consumer prices Foreign policy has taken its toll as well The dollar is losing value in the world because of America's financial irresponsibility and indebtedness and the ruinous war in Ira has severely eroded our influence over global oil producers and foreign central banks. The problem with reading a book written in 2008 about the global economic crisis is that if you read one of them you have read most of them The book becomes a snapshot of those uniue times and this book is no different Bad Money is a book written by Kevin Phillips It discusses how the Global Economic Crisis and Housing Bubble affected how America was seen globally as a safe investment I don’t know if this still applies to today but a lot of his points are uite salient even todayThis book doubles as a time capsule for people who lived through 2008 Remember the Terry Schiavo case I certainly did not until I read about part of it in this bookAnyway I digress I enjoyed this book to some extent but it makes you realize that ten years can only change so much

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Bad Money Reckless Finance Failed Politics and the Global Crisis of American CapitalismTics PDF or multitrillion dollar products and vehicles like CDOs and SIVs Phillips lashes out at the bad money practices and reckless behavior of buccaneering institutions like hedge funds and tabulates the dangers of hot wiring US home ownership to global credit instability He exposes the Bad Money PDFEPUB or absurd but insistent faith in the efficiency of cas. This book came out in 2008 This author tackled many of the situations and conditions that lead to the financial meltdown that precipitated the economic downturn our country has been in for the last two or three yearsOne concept that he makes abundantly clear in this presentation is history has a way of repeating itself Attendant to the foregoing goes something like this 'those who ignore or refuse to learn from history are doomed to repeat it history that is' A good deal of the material in these pages is a review of world history particularly the economic political and cultural conditions that lead to the decline of once great nations and empires ie Rome the British Empire Spain etc Much of what happened way back when is happening again in our time and in our countryThere is much to ponder in this book I never detected any tone of political bias as he proceeded to outline the various practices that lead to the reckless finance failed politics and the global crisis of American capitalism One of the major points he makes is the ascendency of financial services becoming 20% of our gross domestic product and manufacturing falling to 13% of the gdp This makes me uneasy I have friends who make their living in this industry But Phillips makes the case for this next statement In its hubris excessive pridethe financial sector has hijacked the American economy and put our very global future at risk By the time I reached the conclusion I was pretty disheartened with the state of affairs in our nation But he made a couple of statements that made me feel better about things He says the United States because of its position as a North American continental economic power with a large resource and population base and further abandoning the hubris there's that word againof military and financial imperialism would also help because both postures represent drags on the American future It also occurred to me that Britain Spain and Italy have not disappeared from the world stage So bring it on China A note to the cautious the author uses charts graphs and terminology that sometimes made me feel like I was sitting in on an upper division course in economics Thankfully he for the most partexplained in everyday language what he was presenting I am glad I finally got around to reading this Check off one from my To Read list