We now live in an asset-backed economy. Our spending decisions are dependent on asset values like house and share prices. In turn these are inextricably linked to burgeoning debt. This description may be from another edition of this product.
Despite being published in 2004, this book could have been published today as essential reading for anyone wanting to know why the financial crisis happened. In a nutshell, everything Calverley presents as "what could happen" did happen. The only reason I gave four stars rather than five is that this book is probably one for budding economists rather than budding investors or traders. Tony Loton, author -- Stop Orders: A practical guide to using stop orders for traders and investors
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