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Books : The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash


 : The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash

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Binding: Hardcover
Dewey Decimal Number: 332.04150973
EAN: 9781586485634
ISBN: 1586485636
Label: PublicAffairs
Manufacturer: PublicAffairs
Number Of Items: 1
Number Of Pages: 224
Publication Date: March 03, 2008
Publisher: PublicAffairs
Studio: PublicAffairs
Sales Rank: 780




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Editorial Review:

Product Description:
We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will come crashing down with it.

The Trillion Dollar Meltdown explains how we got here, and what is about to happen. After the crash our priorities will be quite different. But things are likely to get worse before they better. Whether you are an active investor, a homeowner, or a contributor to your 401(k) plan, The Trillion Dollar Meltdown will be indispensable to understanding the gross excess that has put the world economy on the brink—and what the new landscape will look like.




Customer Reviews
Average Rating:  out of 5 stars

Rating: 5 out of 5 stars - Best synthesis I have seen yet
Friends and colleagues have been asking me repeatedly what is going on. This book helped me give reasonable answers, and I have recommended it to everyone who has asked. Mr. Morris speaks with the authority of an insider and conveys his knowledge in clear, direct language. Don't expect the juicy gossip and anecdotes that some other recent books on this topic have used to entice readers. This book is hard-nosed and business-like. And yet, still eminently readable.

I was trained as ... Read More



Rating: 5 out of 5 stars - A Guided Tour Through Disaster
This is a wonderful book for organizing the unfolding train wreck that is the world economy in late 2008. The author explains what forces led to the situation, how financiers and mathematicians used computer modeling to create complex, world-spanning organizations that led to quick, juicy profits, and how the assumptions upon which these structures were based denied the liklihood of sufficient risk to destroy the whole structure. It is a quick read but heavy on acronyms. I found a second reading helped ... Read More



Rating: 5 out of 5 stars - Fantastic Primer for Beginners
If terms like CDOs, tranches, CDS, LIMBOR, and SIVs throw you for a loop, this is a great book to get up to speed. Charles R. Morris puts the credit crunch in its context in 169 succinct pages. He's a former banker and he doesn't waste your time. Sure, it could have been longer, but then it wouldn't be as easy to read. The scariest thing about this book is it was written BEFORE the panic we are witnessing, but it accurately predicted it. It took the rest of us a lot longer to see the impossible hole we ... Read More



Rating: 5 out of 5 stars - A Page Turner
I just happened to pick up this book at the library, and now I can't put it down. It describes, in a succint and clear manner, exactly how we got into the current financial crisis. I'm recommending it to everyone I know.



Rating: 5 out of 5 stars - Easy to read and understand
I have a business degree, but even I get lost in a sea of economic theories and '50-cent words' when reading about the crisis. This book is in plain english and doesnt try to impress the reader with vocabulary. Easy to understand and a good read.



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     Binding: Hardcover
Dewey Decimal Number: 332.04150973
EAN: 9781586485634
ISBN: 1586485636
Label: PublicAffairs
Manufacturer: PublicAffairs
Number Of Items: 1
Number Of Pages: 224
Publication Date: March 03, 2008
Publisher: PublicAffairs
Studio: PublicAffairs
Sales Rank: 780
  
Robert M. Lewis

 

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Cunard Line has announced that its new 85,000-ton cruise ship, which is scheduled to enter service in 2008, will be named Queen Victoria. Based in Southampton, England, the Cunard Queen Victoria will be the second largest Cunard Queen ever built. Together with the current flagship, Queen Elizabeth 2, and Queen Mary 2, the biggest passenger liner ever, the Cunard fleet will include three Queens for the first time – truly the most famous ocean liners in the world.   Cheapest Priced Hosting

Cruise Queen Victoria will enter service in the company’s 165th anniversary and will operate cruises to and from Southampton to the Mediterranean, the Canaries, Northern Europe, the Caribbean, and South America. The 1,968-passenger vessel will feature a covered wraparound promenade deck, a forward-facing observation lounge, a large Lido pool with a retractable magrodome, and 10 of the12 passenger decks will be served by exterior glass-walled lifts. Like QE2 and QM2, the liner will have a Queens Grill, offering single-seating gourmet dining. There will also be a unique Colonial Restaurant on Deck 11 with spectacular panoramic views.

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Queen Victoria cruises will offer a wide range of accommodations, large standard outside cabins (170 square feet) and a high percentage of balcony cabins (67%), thereby bringing new levels of luxury and choice to passengers preferring to depart from a European port.  Cruise Queen Victoria!   Premium Cruises


The on-board menus, entertainment and lecture program will be geared to British tastes and the currency will be sterling. Queen Victoria will fly the red ensign; she will have the name of her home port, Southampton, on her stern, and she will have a British Captain and Officers.   In design terms the cruise Cunard Queen Victoria will have an undeniably British feel with two British design teams being responsible for the interior of the Cunard Queen Victoria.

Queen Victoria is being built at Italy’s Fincantieri shipyard in Marghera, near Venice, with her keel laid on July 12, 2003. One of the most technically advanced shipbuilders in the world, Fincantieri has built more than 7,000 vessels, including many for Cunard’s parent Carnival Corporation. Originally ordered as the fifth in a series of five 'Vista' class ships for sister company Holland America, the contact was signed over to Cunard before the keel was laid and Holland America then ordered a further ship for delivery  in 2006.   Enjoy a Cruise on Queen Victoria.  The lead ship in the series, Zuiderdam, entered service in December 2002.

No cruise schedules have yet been announced. Her float out is scheduled for May 2007, prior to her delivery in March 2008.She is scheduled to enter service in April 2008.

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