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OverviewThe human race created money and finance. But our inventions re-create us. Mankind mistook money—a lubricant of society and human well-being—for an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happened—and, in so doing, it tells the story of the modern world. Bestselling author Satyajit Das draws on 33 years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, Ponzi prosperity, sophistication, and wealth—while endangering the jobs, possessions, and futures of virtually everyone outside the financial industry. Das shows how “extreme money” has become ever more unreal; how “voodoo banking” continues to generate massive phony profits even now; and how a new generation of “Masters of the Universe” has come to dominate the world. Extreme Money is about: The new financial fundamentalism: false gods, false prophets - Faith in money, faith in risk, faith in shadows The cult of risk and the growth engine that isn’t - How financial engineering replaced real engineering and illusions replaced reality Financial alchemy and the “Doomsday Debt Machine”- The rise of the global financial machine we cannot escape The new global oligarchy—and the nihilistic games they play - Too smart, too fast, too greedy, too self-absorbed—and far too dangerous Full Product DetailsAuthor: Satyajit Das , Satyajit DasPublisher: Pearson Education Limited Imprint: FT Publishing International Dimensions: Width: 15.60cm , Height: 2.70cm , Length: 23.40cm Weight: 0.800kg ISBN: 9780273723974ISBN 10: 0273723979 Pages: 544 Publication Date: 02 September 2011 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsPrologue: Hubris Sub-prime dialects Best in show The Physical Impossibility of Death in the Mind of Someone Living Retreat Swiss inquisitions Idea of an investment Ambush Mega presentations Fording streams Liquidity and leverage Democracy of greed Pick and pay Black Sea real estate Life on the margin Racing days Dr Doom Extreme money Part 1 Faith 1 Mirror of the times Some kinda money Trading places The invention of money Barbarous relic The real thing The Hotel New Hampshire Collapse Money machines Debt clock Money is nothing The mirrored room 2 Money changes everything Mrs Watanabe goes to Wall Street FX Beauties Club Plutonomy Trickling down, trading up I shop, therefore I must be! Spend it like Beckham! Golden years Tax avoidance Japanese curse The god of our time 3 Business of business Limited consciences A brilliant daring speculation Dirty tricks Marriages and separations The house that Jack built Capital ideas WWJD – watch what Jack did! Business dealings 4 Money for sale It’s a wonderful bank! Pass the parcel Loan frenzy Plastic fantastic money Casino banking Confidence tricks The Citi of money Sign of the times 5 Yellow brick road Monumental money The battle of the ‘pond’ Cool Britannia Barbarian invasions Unlikely centres El-Dollardo economics The unbalanced bicycle Foreign treasure Fool’s gold Liquidity vortex 6 Money honey Printing it Column inches Video money Studs, starlets Financial porn Speedy money Literary money Money for all Part 2 Fundamentalism 7 Los Cee-Ca-Go boys Dismal science Chicago Interpretation Economic politics Academic warfare The Gipper and the Iron Lady Political economy New old deal The monetary lens Unstable stability? 8 False gods, fake prophecies Mystery of price Demon of chance Corporate M&Ms Risk taming Slow and quick money Corporate practice Everything is just noise Perfect worlds Financial fundamentalism Fata morgana Part 3 Alchemy 9 Learning to love debt Fixed floor coverings By the bootstraps Leverage for everything Cutting to the bone Professor Jensen goes to Wall Street Drowning by numbers Censored loans High opportunity bonds Fallen angels Junk people Milken’s mobsters The sweet envy of bankers Thank you for borrowing One bridge too far National treasure 10 &nReviewsa powerful book highly readable and informative Anyone who decodes the ratings of the three major agencies so amusingly CCC means Russian roulette with five bullets in the chamber and D means scrape your brains off the wall and place in a plastic bag - demands to be read. Lindsay Tanner, former Australian Minister of Finance in The Monthly (August 2011) While the run-up to the global financial crisis has been well documented, Das provides his own unique insights. Luke Faulkner, Hedge Funds Review, August 2011 a powerful book highly readable and informative Anyone who decodes the ratings of the three major agencies so amusingly CCC means Russian roulette with five bullets in the chamber and D means scrape your brains off the wall and place in a plastic bag - demands to be read. Lindsay Tanner, former Australian Minister of Finance in The Monthly (August 2011) a powerful book highly readable and informative Anyone who decodes the ratings of the three major agencies so amusingly CCC means Russian roulette with five bullets in the chamber and D means scrape your brains off the wall and place in a plastic bag - demands to be read. Lindsay Tanner, former Australian Minister of Finance in The Monthly (August 2011) While the run-up to the global financial crisis has been well documented, Das provides his own unique insights. Luke Faulkner, Hedge Funds Review, August 2011 ...virtually in a category of its own part history, part book of financial quotations, part cautionary tale, part textbook. It contains some of the clearest charts about risk transfer you will find anywhere. ...Others have laid out the dire consequences of financialisation ( the conversion of everything into monetary form , in Das's phrase), but few have done it with a wider or more entertaining range of references...[Extreme Money] does... reach an important, if worrying, conclusion: financialisation may be too deep-rooted to be torn out. As Das puts it characteristically borrowing a line from a movie, Inception the hardest virus to kill is an idea . Andrew Hill Eclectic Guide to the Excesses of the Crisis Financial Times, 17 August 2011 Author InformationSatyajit Das is an internationally respected expert in finance with 33 years’ experience. He has worked for the “sell side” (Citicorp Investment Bank and Merrill Lynch), the “buy side” (as Treasurer of the TNT Group), and as a consultant advising banks, investors, corporations, and central banks worldwide. Das is the author of many highly regarded standard reference books on derivatives and risk management. In 2006, he published the international bestseller Traders, Guns & Money, an extraordinary insider’s account of the world of derivatives trading. In Traders and in a series of speeches in 2006 entitled - The Coming Credit Crash, Das anticipated many of the problems that became apparent in the financial crisis and are still affecting the global economy. He was recently featured in Charles Ferguson’s 2010 Oscar®-winning documentary Inside Job and the 2009 BBC documentary Tricks with Risk. Tab Content 6Author Website:Countries AvailableAll regions |
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