The Trillion Dollar Meltdown

  • by Charles R. Morris
  • Narrated by Nick Summers
  • 5 hrs and 0 mins
  • Unabridged Audiobook

Publisher's Summary

The sub-prime mortgage crisis is only the beginning; a more profound economic and political restructuring is on its way.According to Charles R. Morris, the astronomical leverage at investment banks, with their hedge-fund and private-equity clients, virtually guarantees massive disruption in global markets. A quarter century of free-market zealotry that extolled asset striping, abusive lending, and hedge-fund secrecy will come crashing down with it.The Trillion Dollar Meltdown explains how we got here, and what is about to happen.

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What the Critics Say

"In his brief but brilliant book, Morris describes how we got into the mess we are in....Few writers are as good as Morris at making financial arcana understandable and even fascinating." (New York Times Book Review)
"[A] shrewd primer....[Morris] writes with tight clarity and blistering pace." (Bloomberg News)
"Morris deftly joins the dots between the Keynesian liberalism of the 1960s, the crippling stagflation of the 1970s and the free-market experimentation of the 1980s and 1990s, before entering the world of ultra-cheap money and financial innovation gone mad." (The Economist)

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Customer Reviews

Most Helpful

A good listen, well researched.

The book comprehensively covers the crisis - causes, origin, events, fallout and possible future outcomes. The last aspect is slightly overdone - highly cynical/negative expectations. The crisis is unprecedented but follow-on collapses in other asset classes, though quite reasoned is perhaps improbable. These were my thoughts after listening to the book in Mar 2009. Thus far, my opinion seems correct. A great listen to understand the crisis.
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- Neeladrinath

A bit of a struggle

I am very much into economics and finance, and was looking forward to this. However, I was very very disappointed with this one, and I just could not get into it. I admit that the problem here could be me, maybe I'm just not as bright or as knowledgeable on the subject as I thought. I suspect there probably is a good book in here, but I don't think this can be recommended for people who only have a limited understanding of the subject. Certainly not for beginners.
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- Martin

Book Details

  • Release Date: 06-06-2008
  • Publisher: Phoenix Books