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Markets
David’s weekly update on the financial markets and economy
economic crisis 2008
All the Devils are Here – Indeed
I was skeptical when I heard that Bethany McLean had a book coming out about the financial crisis. McLean made a name for herself with her cartoonish book and film documentary about Enron, The Smartest Guys in the Room. And while society seems to get a kick out of people becoming rich and famous by ...read this post
The Crisis of Capitalist Democracy
Only a few of the books I have read and reviewed for this series have been written by people that I suspect are not particularly intelligent. Many have been authored by men who possess very different economic worldviews than mine, and nearly all have drawn some conclusions in the process that are different from my ...read this post
The End of Wall Street
Roger Lowenstein’s When Genius Failed: The Rise and Fall of Long-Term Capital Management is one of the best books I have ever read about the history of modern finance. So, when I saw that Lowenstein had joined the list of authors chiming on the financial crisis of 2008, I was quite excited. Unlike some highly ...read this post
The Most Dangerous Book I have ever Read
I committed to reading and reviewing every single serious book that is written about the 2008 financial crisis over a year ago because I am afraid of history recording lessons from the crisis that are entirely false, and because I am afraid of economists prescribing solutions that are utterly catastrophic. In a sense, my ...read this post
