Regular price: $28.51
Buy Now with 1 Credit
Buy Now for $28.51
This book sticks pretty closely to its knitting. It is here to tell us basic financial narratives of these particular stretches of time, with some supporting context. It tells (I think the most mainstream or popular) narratives, more detail-rich than one might find in a few simple news stories, in fairly non-technical language and straightforwardly, without wandering afield into alternative explanations or ideological tangents, and without attempting really wide-ranging commentary on what followed each crash. (Some patterns are noted from crash to crash.) There is enough context to understand each story in its times -- what the surrounding markets were like, what investors were popularly thinking, etc. Explanations are stripped down in the sense of, this caused that, without a lot of time spent speculating on alternative models or compound, complex causes. So, this is an ideal introduction to the topics covered. I appreciated the more detailed walk-throughs (than I have found in other audios) of 1987's so-called Black Monday, and 2010's Flash Crash. These are good introductory examples of a kind of accelerated and tech-driven crash we may expect to unfold (ever faster) in the future. The explanations got into good detail moment-to-moment to imagine how such things can go.
3 of 3 people found this review helpful
No way I could have finished this book in print. The numbers and references were extensive and we'll used to illustrate the severity of the issues. The author went to great lengths to identify how deep and far the problems were that causes the crashes.
1 of 1 people found this review helpful