Publication date to be announced | The Greatest Crash by David KaudersHow contradictory policies are sinking the global economyDriven by creation of ever increasing amounts of credit, which is also debt, the financial system has reached a system limit. The initial effect of creating more debt is to get the wheels turning for a year or two, then the cost of interest and inability to pay take over, as bad debts rise. Like a junkie taking a fix, every bail-out brings less relief, for a shorter period of time, and more problems follow. "It's time", says David Kauders, "for fundamental change".Key themes explored in the bookWhy there is a financial system limit and how it affects us all.How the financial system evolved by trial and error.The build up to the credit crunch.Wishful thinking with numbers, and more.Paradoxes of our times and policy contradictions.Group think.Academic differences of opinion.An alternative view of capital markets.A fresh start: what needs to be done.The Greatest Crash will be published by Sparkling Books in 2011ISBN 9781907230097 |
About the authorDescribed variously in the press as "a maverick", "a superbear" and by the Sunday Times Money as "no ordinary manager... his prediction came to fruition". Want to learn more about the author? Just Google 'David Kauders'. |
