Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (A Penguin Group eSpecial from Penguin Books)In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it. |
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Bad Money: The Inexcusable Failure of American Finance: An Update to Bad ... Kevin Phillips No preview available - 2009 |
Bad Money: The Inexcusable Failure of American Finance: An Update to Bad ... Kevin Phillips No preview available - 2009 |
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American Asia Asian assets August bailout banks become billion Bloomberg bonds Britain bubble Bush capitalism central bank century chairman changes China companies consumer crisis currency debt decades decline demand Democratic derivatives dollar earlier early economic economist energy Federal Reserve Federal Reserve Board Figure financial sector firms foreign former futures George global gross Group growth hedge funds hold housing huge important included income increase industry inflation institutions interest investment Italy late leading less loans major mortgage November numbers October official OPEC party peak percent Persian political president problems production regulation reported Republican rise risk Saudi securities September share shows speculative stock market tion trade Treasury trillion turn United Wall Street Washington wealth York