Anatomy Of Froth
Publisher : Leadstart
Language : English
Category : Non-Fiction/Business Economy
Author : Swapnil Pawar
In 2007, a global financial and economic crisis broke out that shook the world. It spun the globe into a common vortex. Whether it was loss of equiry value or real estate, salary downgrades, job loss or lack of market demand in business, the crisis affected every one, everywhere. The scale of this crisis was unlike any other economic upheaval since the Great Depression of 1929-1933. IT deeply impacted the global economic and financial order, as well as the advent of global trade and the mobility of capital. The long-term effects of the crisis will continue to effect our lives for many years to come. What and who caused the crisis? Was it wall Street? Was it global economic imbalances built on an undervfalued Yuan and an overvalued Dollar? Or was it the loose monetary policy which caused asset bubble? More importantly, what should we do to forecast and forestall crises such as this in the future? Unfortunately, discussion on these vital concerns have largely remained the preserve of aademics and experts. The lay person has come to understand the crisis only in terms of its tangible impact on home and workplace- and through pop-speak such as sub-prime mortgages and credit -default- swaps’. This book attempts to demystify the crisis for the layman and make him a participant in discussions regarding our collective future.