• The Big Short: Inside the Doomsday Machine


    Author(s): Michael Lewis
    Date:   2010-03-15
    Pages: 266 p
    Size:  265 kb
    Format:  PDF
    Language: English


         

     

     

    Description

    The #1 New York Times bestseller: a brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff. When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking.

    The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar’s Poker. Who got it right? he asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely—really unlikely—heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our times.

0 commentaires:

Leave a Reply

Leveled Books for Young

Leveled Books 4 Young Readers

Quote of the Day

Quote of the Day

Rosetta Stone American 2010

Rosetta Stone  American

LANGMaster English Reading

 LANGMaster English Reading

Test Your English Pack (16 books)

Test Your English

TELL ME MORE Performance English Version 9

TELL ME MORE Performance

English Grammar Mega Collection (82 eBooks)

English Grammar Mega Collection

45 English Learning Quality eBooks

45 English Learning Quality eBooks

Learn to Speak English Deluxe

Learn to Speak English Deluxe

britannica illustrated (16 Volumes)

britannica illustrated

Featured Video

Islamic Library