ISBN 9789384052676,Money Mania

Money Mania

Author:

Bob Swarup

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ISBN 9789384052676
Publisher

Bloomsbury Publishing

Publication Year 2014
ISBN-13

ISBN 9789384052676

ISBN-10 9384052671
Binding

Paperback

Number of Pages 288 Pages
Language (English)
Subject

Money & finance

Money Mania is a sweeping account of financial speculation and its consequences, from ancient Rome to the Meltdown of 2008. Acclaimed journalist and investor Bob Swarup tracks the history of speculative fevers caused by the appearance of new profitable investment opportunities, the new assets created and the increasing self congratulatory euphoria that drives them to unsustainable highs, all fed by an illusion of insight and newly minted experts, the unexpected catalysts that eventually lead to panic, the inevitable crash as investors scramble to withdraw their funds from the original market and any other that might resemble it and finally, the brevity of financial memory that allows us to repeat the cycle without ever critically evaluating the drivers of this endless cycle.
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