Krugman offers a comprehensive context for the crisis of 2008 and events still unfolding today. The professor deserves high marks for brevity and an elegance of presentation regarding the intricate connections of financial plumbing and investor psychology throughout history as manifest in bubbles, panics and crashes.
I withold the 5th star because his treatment of Alan Greenspan is cursory, dismissive and, I believe, unfair. The former fed chair turned universal scapegoat presided over a period where the effectiveness or normal tools of monetary policy changed in inexplicable ways. Krugman, of all people should recognize and acknowledge this.
of recovery and super achievement. The plant based diet only adds to the unbelievable self transformation Mr Roll completed. Amazing.
I purchased this audiobook to serve as a refresher/brain engager to use prior to trips to Germany and Switzerland and I am appalled at the lack of organization and the ridiculous amount of dead air in between phrases. This is not 6 hours of listening.
I've purchased several language tapes/programs in several languages and I find this one to be remarkably effective. Well worth the investment.
Mr le Carre continues to be the high watermark of espionage/spy drama. His narration adds a depth and texture to his characters that only the author could.
Another great novel by the Dean of spycraft. For inveterate LeCarre readers, having the author read his own work makes this read infinitely more rich. This listens like an old time serial radio drama with Mr LeCarre performing all of the characters. I want to go back and read his other novels now that I've heard him speak through these characters
This is why journalists embed with troops. Junger gives us a look inside the lives of the front line of front line troops with none of the politics of the larger military operation. Great attention to detail. I finished the book in two sessions. He also does a great job reading his own work.
This is two books in one: A condensed history of the history of submarine warfare and the investigative narrative of the scorpion.
The author has obviously spent a lifetime putting together the trove of information contained herein, and if you've bought the book for it's title you won't be able to put it down.
It's not a well edited book; there's a lot a fat that could be cut out, say from 15 hours down to 10, but the author's dedication to the subject is compelling enough to give it a pass.
This book is a great practical primer on why regulation in its current state is inadequate--the author would say inept--and presents a compelling argument for the introduction of quantitative methods as part of a the investigative process. The author names names and outs the people who had the Madoff fiasco handed to them, only to find a reason not to pursue it. It is a shocking and credible account of the subtleties of professional motivation on the part of regulators who, assuming they do not screw up too badly at the Commission, find themselves lucrative positions as compliance officers at the companies they once regulated.
Be warned. This is a 13 hour book. At times, it seems like there is a great bottle of wine trapped in a giant vat of sticks seeds and skins...it really needs to be filtered. In fact, this is perhaps the most poorly edited book on the financial crisis I have read to date, and I have read a dozen or more. You might consider waiting for the abridged version, which I can't believe will be more than 6 hours.
If you've ever read a book on Behavioral Economics and wondered why PHd candidates spend so much time formulating theories on the obvious, this book is for you. This book is applied Behavioral Economics as it relates to the crisis of 2007 and it is a mostly brilliant work at that.
If you are a capitalist, you might want to stop at the end of Chapter 12 as the authors take off their lab coats and get up on their social apologist soap box in an inexplicable departure from an otherwise coherent book.
One nagging point that the authors might not agree with is what I percieved to be an interchangeable use of "Economies" and "Markets". That strikes me as particularly egregious in a book on behavioral econ.
Absolutely don't agree w conclusion that Animal Spirits can or should be regulated away. Still, well worth a read.
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