The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by Charles R. Morris
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Book Summary Information
Author: Charles R. MorrisEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2008-03-03
ISBN: 1586485636
Number of pages: 224
Publisher: PublicAffairs
Book Reviews of The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Book Review: An excellent, readable account
Summary: 5 Stars
I found this very short book (169 pages plus notes) very helpful in understanding what the "credit crunch" is about--what caused it, what the current imbalances in the financial system are, and how it may unravel. It starts further back in time than I would have expected (the 1950s to 1970s), but does this to explain the regulatory and financial stage on which the bubble of credit was born. Financial and economic terms are explained, without dumbing things down. Really excellent.
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