The crazy thing about this book is the economic concepts seem so simple and logical yet Wall Street, Politicians and Americans never saw any of this coming (including myself).
The first half of the book does a great job of discussing "Classical Economics" and explains how the US has gotten into the economic situation we are in and what the effect will be going forward. The second part of the book is focused on investing accordingly.
Whether you are an investor or just a student of current economic policy and government I think you will find the book very powerful.
This book is the original book written in 2006 with a lengthy 2009 update at the end of each chapter. DON'T buy Crash Proof 1.0 as you will miss out on all the 2009 updates which are critical.
Whether you are a Wall Street professional or an average reader, I think you will find this book highly entertaining and very educational. The author does a great job of developing the story, the players and explaining all the finance behind it. It's a great account of what led up to the financial crisis and how it began to unravel and also gives you a lot of perspective into Hedge Funds and Investment Banks.
This book was written in a similar fashion as "When Genius Failed" which is another good Wall Street book.
This is Michael Connley's newest book. I've listened to them all and enjoy the Harry Bosh character more than just about any other character I can think of. The story is compelling and has many twists and turns. I highly recommend it.
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