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The Meltdown Years: The Unfolding of the Global Economic Crisis

3.67  ·  Rating Details ·  21 Ratings  ·  3 Reviews
The Meltdown Years offers the most lucid and useful explanation to date about why home values, life savings, job security, and investments around the world are in peril.

Rather than focus on who is to blame, though, author Wolfgang Munchau takes the more practical approach of focusing on what is to blame. The fact that individuals were stupid, greedy, and corrupt should com
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Hardcover, 266 pages
Published October 1st 2009 by McGraw-Hill (first published 2009)
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Christopher
May 06, 2012 Christopher rated it liked it
There are many books and even more pundits attempting to explain how the financial crisis happened.

This book does have an explanation, which makes perfect sense. In a nutshell, the USA spent too much money, the Chinese (and Japanese) benefited from much of this and put the money back into the USA, whereupon it was spent again.

The author - who is clearly a credible and level headed figure - also explains some of the timeline of the crises and how it came to be in different countries.

Unfortunately
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Arrica Lee
Aug 31, 2011 Arrica Lee rated it it was ok
It was a little tough for me to understand because I have just only started studying about Economics. I applaud Munchau for making my life easier by breaking it down one by one the meaning of some economic terms. Although it is still a little hard for a student like me to understand, I appreciate his thoughts and point of view.
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author proposes questions but does a lot of beating around the bush with amy blame.
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