Home > Store

Financial Crisis in Perspective (Collection), The

Register your product to gain access to bonus material or receive a coupon.

Financial Crisis in Perspective (Collection), The

eBook (Watermarked)

  • Your Price: $52.79
  • List Price: $65.99
  • About Watermarked eBooks
  • This PDF will be accessible from your Account page after purchase and requires the free Adobe® Reader® software to read it.

    The eBook requires no passwords or activation to read. We customize your eBook by discreetly watermarking it with your name, making it uniquely yours.

    Watermarked eBook FAQ

Description

  • Copyright 2012
  • Dimensions: 6" x 9"
  • Edition: 1st
  • eBook (Watermarked)
  • ISBN-10: 0-13-308749-2
  • ISBN-13: 978-0-13-308749-9

How the financial crisis really happened, and what it really meant: 3 books packed with lessons for investors and policymakers!

These three books offer unsurpassed insight into the causes and implications of the global financial crisis: information every investor and policy-maker needs to prepare for an extraordinarily uncertain future. In Financial Shock, Updated Edition, renowned economist Mark Zandi provides the most concise, lucid account of the economic, political, and regulatory causes of the collapse, plus new insights into the continuing impact of the Obama administration’s policies. Zandi doesn’t just illuminate the roles of mortgage lenders, investment bankers, speculators, regulators, and the Fed: he offers sensible recommendations for preventing the next collapse. In Extreme Money, best-selling author and global finance expert Satyajit Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth, while endangering the jobs, possessions, and futures of everyone outside finance. Das explains how everything from home mortgages to climate change have become fully financialized… how “voodoo banking” keeps generating massive phony profits even now… and how a new generation of “Masters of the Universe” has come to own the world. Finally, in The Fearful Rise of Markets, top Financial Times global finance journalist John Authers reveals how the first truly global super bubble was inflated, and may now be inflating again. He illuminates the multiple roots of repeated financial crises, presenting a truly global view that avoids both oversimplification and ideology. Most valuable of all, Authers offers realistic solutions: for decision-makers who want to prevent disaster, and investors who want to survive it.

From world-renowned leaders and experts, including Dr. Mark Zandi, Satyajit Das, and John Authers

Sample Content

Table of Contents

Financial Shock, Updated Edition: Global Panic and Government Bailouts–How We Got Here and What Must Be Done to Fix It

Acknowledgments    viii

About the Author    ix

Introduction    1

Chapter 1: Subprime Précis    9

Chapter 2: Sizing Up Subprime    33

Chapter 3: Everyone Should Own a Home    49

Chapter 4: Chairman Greenspan Counts on Housing    67

Chapter 5: Global Money Men Want a Piece    81

Chapter 6: Bad Lenders Drive Out the Good    97

Chapter 7: Financial Engineers and Their Creations    113

Chapter 8: Home Builders Run Aground    131

Chapter 9: As the Regulatory Cycle Turns    145

Chapter 10: Boom, Bubble, Bust, and Crash    161

Chapter 11: Credit Crunch    175

Chapter 12: Timid Policymakers Turn Bold    193

Chapter 13: Economic Fallout    233

Chapter 14: Back to the Future    251

Endnotes    273

Index    285

Extreme Money: Masters of the Universe and the Cult of Risk

Prologue: Hubris    1

Part I: Faith

Chapter 1: Mirror of the Times    21

Chapter 2: Money Changes Everything    38

Chapter 3: Business of Business    52

Chapter 4: Money for Sale    65

Chapter 5: Yellow Brick Road    78

Chapter 6: Money Honey    89

Part II: Fundamentalism

Chapter 7: Los Cee-Ca-Go Boys    101

Chapter 8: False Gods, Fake Prophecies    116

Part III: Alchemy

Chapter 9: Learning to Love Debt    133

Chapter 10: Private Vices    153

Chapter 11: Dice with Debt    168

Chapter 12: The Doomsday Debt Machine    188

Chapter 13: Risk Supermarkets    208

Chapter 14: Financial Arms Race    226

Chapter 15: Woodstock for Hedge Funds    239

Chapter 16: Minsky Machines    253

Part IV: Oligarchy

Chapter 17: War Games    264

Chapter 18: Shell Games    279

Chapter 19: Cult of Risk    294

Chapter 20: Masters of the Universe    307

Chapter 21: Financial Nihilism    321

Part V: Cracks

Chapter 22: Financial Gravity    337

Chapter 23: Unusually Uncertain    348

Index    429

The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How to Prevent Them in the Future

Acknowledgments    ix

About the Author    xii

Foreword    xiii

Timeline    xvi

Chapter 1: The Fearful Rise of Markets    1

Part I: The Rise

Chapter 2: Investment Becomes an Industry    9

Chapter 3: Indexes and Efficient Markets    16

Chapter 4: Money Markets Supplant Banks    25

Chapter 5: From Gold Standard to Oil Standard    32

Chapter 6: Emerging Markets    40

Chapter 7 Junk Bonds    48

Chapter 8: The Carry Trade    55

Chapter 9: Foreign Exchange    62

Chapter 10: Irrational Exuberance    69

Chapter 11: Banks Too Big to Fail    76

Chapter 12: Hedge Funds    83

Chapter 13: Dot Coms and Cheap Money    90

Chapter 14: BRICs    97

Chapter 15: Commodities    104

Chapter 16: Credit    112

Part II: The Fall

Chapter 17: Ending the Great Moderation    120

Chapter 18: Quant Funds    127

Chapter 19: Trust    133

Chapter 20: Bank Runs    139

Chapter 21: Bastille Day: Reflexive Markets    145

Chapter 22: Lessons from Lehman    152

Chapter 23: Politics and Institutions    158

Chapter 24: The Paradox of Diversification    163

Part III: The Fearful Rise

Chapter 25: Decoupling    171

Chapter 26: Banks Bounce    179

Chapter 27: A New Bubble?    186

Conclusion: 2010 and After    194

Notes    202

Select Bibliography    215

Index    222

Updates

Submit Errata

More Information

InformIT Promotional Mailings & Special Offers

I would like to receive exclusive offers and hear about products from InformIT and its family of brands. I can unsubscribe at any time.

Overview


Pearson Education, Inc., 221 River Street, Hoboken, New Jersey 07030, (Pearson) presents this site to provide information about products and services that can be purchased through this site.

This privacy notice provides an overview of our commitment to privacy and describes how we collect, protect, use and share personal information collected through this site. Please note that other Pearson websites and online products and services have their own separate privacy policies.

Collection and Use of Information


To conduct business and deliver products and services, Pearson collects and uses personal information in several ways in connection with this site, including:

Questions and Inquiries

For inquiries and questions, we collect the inquiry or question, together with name, contact details (email address, phone number and mailing address) and any other additional information voluntarily submitted to us through a Contact Us form or an email. We use this information to address the inquiry and respond to the question.

Online Store

For orders and purchases placed through our online store on this site, we collect order details, name, institution name and address (if applicable), email address, phone number, shipping and billing addresses, credit/debit card information, shipping options and any instructions. We use this information to complete transactions, fulfill orders, communicate with individuals placing orders or visiting the online store, and for related purposes.

Surveys

Pearson may offer opportunities to provide feedback or participate in surveys, including surveys evaluating Pearson products, services or sites. Participation is voluntary. Pearson collects information requested in the survey questions and uses the information to evaluate, support, maintain and improve products, services or sites, develop new products and services, conduct educational research and for other purposes specified in the survey.

Contests and Drawings

Occasionally, we may sponsor a contest or drawing. Participation is optional. Pearson collects name, contact information and other information specified on the entry form for the contest or drawing to conduct the contest or drawing. Pearson may collect additional personal information from the winners of a contest or drawing in order to award the prize and for tax reporting purposes, as required by law.

Newsletters

If you have elected to receive email newsletters or promotional mailings and special offers but want to unsubscribe, simply email information@informit.com.

Service Announcements

On rare occasions it is necessary to send out a strictly service related announcement. For instance, if our service is temporarily suspended for maintenance we might send users an email. Generally, users may not opt-out of these communications, though they can deactivate their account information. However, these communications are not promotional in nature.

Customer Service

We communicate with users on a regular basis to provide requested services and in regard to issues relating to their account we reply via email or phone in accordance with the users' wishes when a user submits their information through our Contact Us form.

Other Collection and Use of Information


Application and System Logs

Pearson automatically collects log data to help ensure the delivery, availability and security of this site. Log data may include technical information about how a user or visitor connected to this site, such as browser type, type of computer/device, operating system, internet service provider and IP address. We use this information for support purposes and to monitor the health of the site, identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents and appropriately scale computing resources.

Web Analytics

Pearson may use third party web trend analytical services, including Google Analytics, to collect visitor information, such as IP addresses, browser types, referring pages, pages visited and time spent on a particular site. While these analytical services collect and report information on an anonymous basis, they may use cookies to gather web trend information. The information gathered may enable Pearson (but not the third party web trend services) to link information with application and system log data. Pearson uses this information for system administration and to identify problems, improve service, detect unauthorized access and fraudulent activity, prevent and respond to security incidents, appropriately scale computing resources and otherwise support and deliver this site and its services.

Cookies and Related Technologies

This site uses cookies and similar technologies to personalize content, measure traffic patterns, control security, track use and access of information on this site, and provide interest-based messages and advertising. Users can manage and block the use of cookies through their browser. Disabling or blocking certain cookies may limit the functionality of this site.

Do Not Track

This site currently does not respond to Do Not Track signals.

Security


Pearson uses appropriate physical, administrative and technical security measures to protect personal information from unauthorized access, use and disclosure.

Children


This site is not directed to children under the age of 13.

Marketing


Pearson may send or direct marketing communications to users, provided that

  • Pearson will not use personal information collected or processed as a K-12 school service provider for the purpose of directed or targeted advertising.
  • Such marketing is consistent with applicable law and Pearson's legal obligations.
  • Pearson will not knowingly direct or send marketing communications to an individual who has expressed a preference not to receive marketing.
  • Where required by applicable law, express or implied consent to marketing exists and has not been withdrawn.

Pearson may provide personal information to a third party service provider on a restricted basis to provide marketing solely on behalf of Pearson or an affiliate or customer for whom Pearson is a service provider. Marketing preferences may be changed at any time.

Correcting/Updating Personal Information


If a user's personally identifiable information changes (such as your postal address or email address), we provide a way to correct or update that user's personal data provided to us. This can be done on the Account page. If a user no longer desires our service and desires to delete his or her account, please contact us at customer-service@informit.com and we will process the deletion of a user's account.

Choice/Opt-out


Users can always make an informed choice as to whether they should proceed with certain services offered by InformIT. If you choose to remove yourself from our mailing list(s) simply visit the following page and uncheck any communication you no longer want to receive: www.informit.com/u.aspx.

Sale of Personal Information


Pearson does not rent or sell personal information in exchange for any payment of money.

While Pearson does not sell personal information, as defined in Nevada law, Nevada residents may email a request for no sale of their personal information to NevadaDesignatedRequest@pearson.com.

Supplemental Privacy Statement for California Residents


California residents should read our Supplemental privacy statement for California residents in conjunction with this Privacy Notice. The Supplemental privacy statement for California residents explains Pearson's commitment to comply with California law and applies to personal information of California residents collected in connection with this site and the Services.

Sharing and Disclosure


Pearson may disclose personal information, as follows:

  • As required by law.
  • With the consent of the individual (or their parent, if the individual is a minor)
  • In response to a subpoena, court order or legal process, to the extent permitted or required by law
  • To protect the security and safety of individuals, data, assets and systems, consistent with applicable law
  • In connection the sale, joint venture or other transfer of some or all of its company or assets, subject to the provisions of this Privacy Notice
  • To investigate or address actual or suspected fraud or other illegal activities
  • To exercise its legal rights, including enforcement of the Terms of Use for this site or another contract
  • To affiliated Pearson companies and other companies and organizations who perform work for Pearson and are obligated to protect the privacy of personal information consistent with this Privacy Notice
  • To a school, organization, company or government agency, where Pearson collects or processes the personal information in a school setting or on behalf of such organization, company or government agency.

Links


This web site contains links to other sites. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every web site that collects Personal Information. This privacy statement applies solely to information collected by this web site.

Requests and Contact


Please contact us about this Privacy Notice or if you have any requests or questions relating to the privacy of your personal information.

Changes to this Privacy Notice


We may revise this Privacy Notice through an updated posting. We will identify the effective date of the revision in the posting. Often, updates are made to provide greater clarity or to comply with changes in regulatory requirements. If the updates involve material changes to the collection, protection, use or disclosure of Personal Information, Pearson will provide notice of the change through a conspicuous notice on this site or other appropriate way. Continued use of the site after the effective date of a posted revision evidences acceptance. Please contact us if you have questions or concerns about the Privacy Notice or any objection to any revisions.

Last Update: November 17, 2020