Declare Books Supposing After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
Original Title: | After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead |
ISBN: | 1594205302 (ISBN13: 9781594205309) |
Edition Language: | English |
Literary Awards: | Financial Times and McKinsey Business Book of the Year Nominee for Longlist (2013) |
Alan S. Blinder
Hardcover | Pages: 496 pages Rating: 4.12 | 1612 Users | 179 Reviews
Details Based On Books After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
Title | : | After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead |
Author | : | Alan S. Blinder |
Book Format | : | Hardcover |
Book Edition | : | First Edition |
Pages | : | Pages: 496 pages |
Published | : | January 24th 2013 by Penguin Press |
Categories | : | Economics. Nonfiction. History. Finance. Business. Politics |
Description Concering Books After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good-and too unregulated for the public good-experienced a perfect storm beginning in 2007. When America's financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected-and fragile-the global financial system is. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government's actions, particularly the Fed's, were previously unimaginable. And to an amazing-and certainly misunderstood-extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again.Rating Based On Books After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
Ratings: 4.12 From 1612 Users | 179 ReviewsAppraise Based On Books After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
Extremely informative on the post sub prime crisis measures that leaders took to bring the Financial world under controlA stunningly comprehensive yet accessible book on the financial crisis. Blinded excels at conveying the tremendous complexities that contributed to Great Recession without making you feel like you need a PhD in economics to understand it. That being said, there were parts of the book where I did get bogged down by the vast array of acronyms and financial instruments being discussed and I could have done with a recap before launching into the next chapter. This is definitely a book that demands
A deeply comprehensive and yet very readable account of the events leading to, during, and following the global financial crisis of 2007-2009. During my daily work, I encounter all of these jargon-y phrases and bits of the narrative, but it was helpful to have all of the information brought together into a comprehensive story. An important book for us "normal" Americans (e.g., not policymakers or portfolio managers), who are still reeling from the effects of the crisis.
Best quote so far, from page 236:He [John Maynard Keynes] would have been shocked to hear that anyone in 2011 was still asking the question. The earth is not flat. The moon is not made of cheese. Evolution really happened. And you don't give your economy a short-run boost by cutting public spending.
A great read to understand not just the events that led to the 2008 financial crisis and response thereafter but also the rationale behind them. Alan Blinder explains with great clarity the different levers the US Government, particularly the Fed, pulled in response to one of the greatest financial crisis in modern history averting total financial meltdown but still coming out as one of the villains. If you want to understand monetary and fiscal policy in the face of financial Armageddon, this
Bought the book, unpacked it and noticed the endorsement from Bill Clinton on the cover. "Oh no," I thought to myself. "A Clinton whitewash." Entertained thoughts of putting it up for sale, but in the end I decided what on earth, Blinder's worth reading.And so it proved.I've read the lot. From Kaletsky to Krugman, from Stiglitz to Shiller, and what they all have in common is an angle; an axe to grind. Blinder, you feel, has written this book as a mere starting point. He just wants to get the
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