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Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
Informative and essential. I bought this book because of my work in real estate and a desire to try to understand what is going on with housing and the credit crunch. It turns out that the book also lets you in on why house prices have risen so quickly in many markets over the past few years too. The book's basis premise is that the whole boom since the last recession around the time of the dot-com crash at the turn of the century has been caused by a huge jump in credit. This in itself was sanctioned by the US/UK and other... more info
A difficult read I found this very hard to get through - probably because I probably am one of those pro-business zealots.
Just reading the introduction will give you a very good idea of the book to come:- polemics against evil business; weak, poorly argued points built on data that don't always support the point; and breathless repetition of the same arguments and the same polemics. For someone not brought up on Marxist economics, it all gets very tiring and tiresome. But there is value here. While most people... more info
Credit Crunch I found this in an incredibly informative and insightful book about the present economic situation. It makes sense - though I am sure that some aspects of the book are controversial. The author challenges the reader to consider the origins of the credit crunch. The roots are found in free trade and the endless cost cutting pursuits of large corporations in advanced nations who are preoccupied with driving down costs in order to inflate their bottom line; hence the burgeoning trend towards outsourcing to low... more info
Informative, insightful and thought provoking The outline in the Amazon `product description' above is a fair summary, but it should be stressed that there is nothing sensational or overtly political about this book. It tries to be a reasoned economic assessment of our current plight, although doubtless it will upset some `free market' and `pro-business' zealots. It is a very timely and its predictions seem to be being born out - for example on page 191 we read `the US Treasury .... will be forced to act, rescuing more banks by injecting public sector... more info
