The Final Crash: Addictive Debt and the Deformation of the World Economy - Couverture rigide

Bouleau, Hugo

Couverture rigide

ISBN 10 : 095552170X ISBN 13 : 9780955521706

Editeur : Pendula Press, 2007

A propos du livre

Présentation de l'éditeur

The Final Crash is a warning to those who fall prey to the classic human conditioning that makes us think the good times will never cease; just when they are about to. It exposes the relentless rise and corrosive effect of debt for the many who are drawn into its tempting trap. The use and abuse of borrowing and gearing - by the public and professionals alike - bears an uncanny resemblance to the build-up of drug dependency by an addict. The classic cycle of occasional use to reliance then ultimate ruin will become all-too-clear to readers of this book. The endemic spread of indebtedness is both oppressive and financially toxic: tainting individuals, banks, corporations and even governments as they stumble unwittingly along a path of economic self-destruction. The proliferation of mass-produced money has been propagated by commercial banks and nurtured by central banks in both Britain and America. Their actions were initially designed to stave off the worst effects of 9/11 but they have since spawned a string of destabilising asset price bubbles, whose burst will drag the West into an unprecedented slump. Those who are best placed to warn of an impending crash are also those who benefit from the multiplication and distribution of debt which, like the devil, comes in many disguises. Borrowing and speculation are embedded in every component of our financial system; packaged with semantics and comforting euphemisms designed to trap the unwary. The mere possibility of a recession, let alone a slump, is vehemently denied by those with lucrative careers and vested interests to protect. It has taken an investment manager at the coal-face of markets to make the case for what may be the greatest depression since the dawn of the industrial revolution. We must prepare and adapt to survive the coming crash which is already beyond prevention. Like the biblical Armageddon, the deformation of the economic system need not be feared as an end of days but should be viewed as

Revue de presse

Here is a disquieting dispatch from someone deeply embedded in the financial world and all us amateur punters should sit up and take note. Do not say later you were not warned. --Lord Desai, Emeritus Professor of Economics, London School of Economics

The Final Crash by Hugo Bouleau is a studious work inferring the impending potential dismal future of the US. This is a book that should be read and studied by anyone who has a serious interest in the lives of our future generations. --Richard Russell, Editor-Publisher, Dow Theory Letters Inc.

Hugo Bouleau's brilliant synthesis of the effect and risk of the ever-growing mountain of debt that Western economies are creating, provides an excellent and timely antidote to the hype peddled by both institutions and market commentators who should know better. Ignore this book and its message at your peril. --Mark Shipman, Professional investor and author of 'The Next Big Investment Boom'

Détails de l'édition

• Éditeur: Pendula Press
• Date d'édition: 2007
• Langue: anglais
• ISBN 10: 095552170X
• ISBN 13: 9780955521706
• Reliure: Relié
• Nombre de pages: 290
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible