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Past Due: The End of Easy Money and the Renewal of the American Economy

3.64  ·  Rating Details  ·  22 Ratings  ·  5 Reviews
How Main Street was hit by—and might recover from—the financial crisis, by The New York Times’s national economics correspondent

When the financial crisis struck in 2008, Main Street felt the blow just as hard as Wall Street. The New York Times national economics correspondent Peter S. Goodman takes us behind the headlines and exposes how the flow of capital from Asia and S
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Hardcover, 352 pages
Published September 15th 2009 by Times Books (first published 2009)
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Jerry Widjaja
May 18, 2010 Jerry Widjaja rated it really liked it
A simple yet important economic book...with a heart and compassion. I simply adore it.
Being personally impacted by the recession, I've always wanted to understand objectively the big picture of the current recession; the cause and the potential remedy of such event. I notice that many books which talk about recession and the financial meltdown tend to be very dry and technical, full of financial jargon that not everybody understands. Therefore, I promised myself to find a book that can be easil
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Samaa Moosa
Jun 14, 2010 Samaa Moosa rated it really liked it
very informative, especially for a non-econ/accounting major. i only had to look up a few concepts. well-written by a journalist. it thoroughly covers the macro economic system set up in the US, and the micro level individual decisions- and how they interrelated to bring about the last economic recession. so while it explained macro things fairly well, it also included personal stories that moved the book along at a steady pace.

the book covers past recessions and their reasons, this past housing
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Ldrutman Drutman
Jan 24, 2010 Ldrutman Drutman rated it really liked it
Good overview of the state of the American economy -- Goodman mixes in the stories of disparate individuals who have fallen on hard times to emphasize a larger message -- we overborrowed horribly based on totally unreasonable expectations of permanent prosperity. Now we are paying the price.
Jame
Jul 03, 2010 Jame rated it it was ok
Shelves:
It all about the economy, financial crash and crisis that happened in US in year 2008.
Maureen Flatley
Nov 10, 2009 Maureen Flatley rated it it was amazing
Financial crisis? Actually far worse. Very troubling and important.
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