Two recent books by former bond trader Michael Lewis, The Big Short and Boomerang , set out to explain the financial crisis of the 2000s. In the 2010 book The Big Short , he traces the experience of a few select hedge fund managers who identified the real estate bubble and made a killing when the mortgage market tanked and the pillars of Wall Street collapsed. For his 2011 book Boomerang , Lewis took his show on the road, looking at financial bubbles in Iceland, Ireland, and Greece, then turning his laser eye back home to the mountain of debt created in California.
The macroeconomic issue of "what's wrong with the system" has been discussed and dissected by many experts and academics. Here are five important lessons that individual investors can take from the insights of this delightfully acerbic financial writer. ...
http://www.usnews.com/blogs/On-Retirement/2012/1/24/5-lessons-from-michael-lewis.html
The macroeconomic issue of "what's wrong with the system" has been discussed and dissected by many experts and academics. Here are five important lessons that individual investors can take from the insights of this delightfully acerbic financial writer. ...
http://www.usnews.com/blogs/On-Retirement/2012/1/24/5-lessons-from-michael-lewis.html
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