In July 2007, the combination of a seemingly unstoppable rise in house prices and bullish banks swimming in liquidity meant that almost anyone could get a mortgage in the UK or US. Little more than a month later the supply of credit dried up practically overnight, leaving the world wondering how bank liquidity could suddenly vanish.
In Financial Alchemy, Anastasia Nesvetailova shows that this liquidity never actually existed. The rise of sophisticated financial instruments created what appeared to be an abundance of liquid funds but was in fact a credit pyramid. As soon as house prices stopped rising the reality was exposed.
Nesvetailova's bold and radical analysis explains why the credit crisis was an inevitable consequence of entrusting the world economy to financiers who believe that they can 'create' money and wealth.
In Financial Alchemy, Anastasia Nesvetailova shows that this liquidity never actually existed. The rise of sophisticated financial instruments created what appeared to be an abundance of liquid funds but was in fact a credit pyramid. As soon as house prices stopped rising the reality was exposed.
Nesvetailova's bold and radical analysis explains why the credit crisis was an inevitable consequence of entrusting the world economy to financiers who believe that they can 'create' money and wealth.
Maksa helposti kortilla, Klarnalla, Apple Paylla tai Google Paylla. Etkö ole tyytyväinen? Sinulla on aina 14 päivän palautusoikeus. Lue lisää ehdoistamme. Jos sinulla on kysyttävää, lähetä meille sähköpostia osoitteeseen hello@memmo.org.
Memmo tekee opiskelusta helpompaa – missä päin maailmaa ikinä oletkin. Meillä yhdistät kurssikirjat ja fiksut opiskelutyökalut yhteen paikkaan: tiivistelmät, visat, podcastit ja muistikortit. Ja sitten Ted, opiskelukaverisi, joka vastaa kaikkeen, mitä ikinä mietitkin. Yli 50 000 opiskelijaa opiskelee jo täällä – rakennettu auttamaan sinua oppimaan nopeammin ja stressaamaan vähemmän.
Saatat pitää myös näistä
Osta kirja0