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I.O.U.: Why Everyone Owes Everyone and No One Can Pay

John Lanchester




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 | #236224 in eBooks |  2009-12-26 |  2010-01-05 | File type: PDF

||20 of 21 people found the following review helpful.| A New Clarity on the Great Recession|By William Fritz|I've been trying to fully understand what happened to our economy in 2007-2008 and into the present. I'm not an economist but an interested amateur (and a history teacher who wants to be accurate). I've read several books on the subject as well as the writings of several online economists. What always bogs me down is wh|From Publishers Weekly|Starred . With clarity and a conversational style often (sometimes deliberately) lacking in the financial industry and its coverage, British journalist Lanchester (The Debt to Pleasure) takes readers on a comprehensive global tour of 2008

For most people, the reasons for the sudden collapse of our economy still remain obscure. I.O.U. is the story of how we came to experience such a complete financial disaster, starting with the magical proliferation of credit that led to an explosion of lending on the global and local landscapes of banking and finance. Viewing the crisis through the lens of politics, culture, and contemporary history—from the invention and widespread misuse of financial instr...

You can specify the type of files you want, for your gadget.I.O.U.: Why Everyone Owes Everyone and No One Can Pay   |  John Lanchester. I was recommended this book by a dear friend of mine.

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