In this myth-busting book Nouriel Roubini shows that everything we think about economics is wrong. Financial crises are not unpredictable 'black swans', but an inherent part of capitalism. Only by remaking our financial systems to acknowledge this, can we get out of the mess we're in. Will there be another recession, and if so what shape? When will the next bubble occur? What can we do about it? Here Roubini gives the answers, and lists his commandments for the future.A Crash Course in the Future of Finance Nouriel Roubini. end in an outright depression, ... When the shock cameathe stock market crash of 1929, for exampleamargin calls led to frenzied attempts to pay down debt. Fisher believed that thisanbsp;...
|Publisher||:||Penguin UK - 2011-05-05|